Regardless of the negative posts above, the market 'liked' the results with the share price up 5% so far.
My interpretation is that the market sees the results as implying there is now zero probability of any further dilutive capital raises, and that this half year represents bottom of the cycle earnings, from which future earnings will start to rise.
Ann: H1 FY24 Results Presentation, page-24
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Last
51.5¢ |
Change
-0.010(1.90%) |
Mkt cap ! $1.477B | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 53.5¢ | 51.5¢ | $3.922M | 7.526M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 206966 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 20000 | 1 |
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| SGR (ASX) Chart |