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Ann: MOZ - Market Update, page-9

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vivRookie

5,879 Posts.

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08/06/22

10:28

Post #: 61886729
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Originally posted by PMW: ↑

I think the statement about it being due to Omicron is a bit weird, however they said that trading conditions were improving but not as fast and they would make a loss this FY. It doesn't even say how much the loss might be. There are also probably margin pressures due to inflation they may not be telling us about.

However even then I don't see why that would result in a 33% drop in a single day apart from the market's usual fit to ridiculously punish any company that may be having a rough moment. MOZ over the long term, with the quality of brands in its portfolio and the hope that inflation may be starting to peak (it looks that way in the US at least), is probably still a good bet I would say.

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You must be in the younger demographic. Weird how the young ones are totally unaware of what's happening to the older demographic all around them. There have been several reports in the media about the large numbers of deaths from omicron in the older demographic.
Yes, obviously the rise in interest rates is relevant to all retail but they say Moz is in a good position to get back to profit by 23.

MOZ Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.0¢		Change -0.002(2.78%)		Mkt cap ! $12.49M

Open	High	Low	Value	Volume
7.2¢	7.2¢	7.0¢	$21.74K	307.1K

Buyers (Bids)

No.	Vol.	Price($)
3	49653	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	24887	1

View Market Depth

No.	Vol.	Price($)
2	39653	0.070
3	315144	0.069
2	106000	0.066
2	56000	0.065
2	41455	0.062

Price($)	Vol.	No.
0.074	24887	1
0.075	25000	1
0.080	37201	1
0.086	48000	1
0.096	124118	1

Last trade - 13.48pm 12/07/2024 (20 minute delay)

MOZ (ASX) Chart