I'd sometimes call 'Mr Market' irrational but maybe 'incomprehensible' is preferable.
It likes to look forward but sometimes positive news is quickly dismissed and as you say, a share price declines.
Do we expect REH to have to face intermittent closures of its USA stores, or lockdowns in Victoria/Queensland/Western Australia, in two years' time? These acted as a brake on net profit that nonetheless rose by many times CPI as noted above.
Ann: HY21 Investor Presentation, page-7
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Last
$24.31 |
Change
-0.190(0.78%) |
Mkt cap ! $15.70B | |||
| Open | High | Low | Value | Volume |
| $24.48 | $24.48 | $24.14 | $5.331M | 219.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4383 | $24.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.34 | 1247 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| REH (ASX) Chart |