PRO 3.05% 79.5¢ prophecy international holdings limited

Ann: Sales Results FY20, page-3

  1. 1,416 Posts.
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    Depends what the expectations are and releasing a sales update at 3pm, is a pretty rubbish time. You don't get time to digest the information, so some people will just sell the news anyway. Also it doesn't take much to move this stock and you could see buyers coming back higher after the sell off. Comparing to last year SP was 45c and they achieved 30% growth on most metrics (except revenue), so yeh it's possible the numbers have not blown people away. For me these are good solid double digit growth numbers in tough market conditions but it could just mean the company like most on the ASX is overvalued and the SP has got a bit ahead of itself.
 
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