The risks were flagged clearly at the AGM. They stated "Risks: temporarysales deferralsand currencyswings may mean1H revenue andNPAT less thanpriorcorrespondingperiod".
Given management and the companies track record, I will assume this is a temporary glitch. I suspect the share price will be dragged down further until more clarity is given but could provide a great buying/top up opportunity until then.
Long term holders will know Steven Killelea's reasons for selling down his position for a number of years now. It is not due to the underlying performance of the business.
Ann: Market Update - Continuous Disclosure, page-26
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Last
60.0¢ |
Change
-0.025(4.00%) |
Mkt cap ! $104.7M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 63.0¢ | 60.0¢ | $605.3K | 988.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 27000 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 5927 | 3 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| IRI (ASX) Chart |