Not really clobbered. SRG provided a great report yesterday including excellent guidance for FY23 and still lost half a cent on the day. People are just wary of the future.
I'm still holding both (SXE from the 40s and my remaining SRG parcel was purchased under 20c) but they're not going to outperform forever. Having said that, both companies seem to have had perfect timing acquiring complementary businesses (and manpower) so both seem set for further growth this year whereas I exited MND a little while back.
seems plenty of work out there, the companies that will do best in FY23 will have resources available and discipline. One missed deadline can mean resources can't be deployed where/when they're most profitable.
Not really clobbered. SRG provided a great report yesterday...
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Last
$1.80 |
Change
0.070(4.06%) |
Mkt cap ! $472.4M | |||
| Open | High | Low | Value | Volume |
| $1.73 | $1.81 | $1.73 | $3.287M | 1.847M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4650 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 4759 | 1 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| SXE (ASX) Chart |