"Market obviously doesn't like an announcement about when results will be released"
I was thinking the same.
At least there is no slippage of the results date. Last year it was on the 22 August. Slippage can mean that the folk at a company are frantically searching down the back of the couch for spare change to make the results look better.
Rather, PME are having a webcast, which favours that they have something positive to announce. Nonetheless, the recent price weakness is a tad worrying. I took some comfort from the following, which was in the previous webcast interview..
"So, at this stage, with thedecrease in volumes being relatively short-lived, the impact on us has not been material." (1 Jun 2020)
However,iIn the current circumstances, the first of June seems along time ago !
Cheers
PME Price at posting:
$22.75 Sentiment: None Disclosure: Held
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