Agree. At the HY announcement the SP was trading around $1.35. Management revised down EBITDA from $90 million to $80-85 million. Now $75-$80 million. So if you take the difference from $90 million to $75 million (17% fall) compared with SP drop from $1.35 to 70 cents (48% fall), it is oversold. However, still lot of uncertainty with this stock, that is the issue IMO. They wouldn't want to come out with another downgrade otherwise it could be trading around 50 cents.
Ann: Market Announcement, page-11
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Last
$1.94 |
Change
-0.045(2.27%) |
Mkt cap ! $1.089B | |||
| Open | High | Low | Value | Volume |
| $1.98 | $2.00 | $1.94 | $2.944M | 1.503M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6330 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 12880 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AX1 (ASX) Chart |