I think to be fair the announcement reads as if this has been transition, at least something well flagged by the CFO to the company. Though, you would want to present it like that particularly if it was because the CFO was leaving because of red flags he sees. If the business was performing poorly then this would be a confirmation of some serious problems, but that isn't happening here. So I think taking it on face value that he is just moving on and a positive transition plan has been going on for a couple months.
On a side note... the trading today...wow. I can't believe it haha. The 4.5c div dropped the share price to $1.725 from $1.90 lol. Were people getting stopped out in the 1.70s? I looked and saw some trades for like 16 shares dropping the price a few cents because the volumes are low.
Example: A trade for 1,190 shares dropped the share price from 1.795 to 1.725. Is this some poor person that thought the sky was falling in??
Ann: Resignation of CFO, page-7
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Last
$1.30 |
Change
-0.040(3.00%) |
Mkt cap ! $265.2M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.35 | $1.28 | $88.11K | 68.05K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7018 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 3751 | 1 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| SVR (ASX) Chart |