My read of this is that GMG did indeed meet expectation. However, the market has a habit of selling down on news and moving upwards in expectation of the news.
Look at the massive SP run up for the last year - the SP has increased as the market gained more confidence in the forecast and actual performance. A small drop (2% at the time of writing) is not a big deal and probably just indicates that many big investment houses are enjoying a few profits today.
Ann: Goodman 30 June 2021 Full Year Results, page-5
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 (20min delay)
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Last
$33.90 |
Change
-0.270(0.79%) |
Mkt cap ! $64.43B | |||
| Open | High | Low | Value | Volume |
| $33.69 | $34.07 | $33.69 | $9.471M | 279.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 538 | $33.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.91 | 535 | 16 |
View Market Depth
| Last trade - 11.33am 24/05/2024 (20 minute delay) ? |
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Last
$33.83 |
Change
-0.270 ( 0.92 %) |
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| Open | High | Low | Volume | ||
| $33.82 | $34.07 | $33.82 | 74464 | ||
| Last updated 11.52am 24/05/2024 ? | |||||
| GMG (ASX) Chart |