Market didn’t like the profit downgrade, which the company put down largely to Covid uncertainty. The narrowing profit margin, caused by lower interest rate spreads on annuity products was also not well received. But the increase in FUM and the increased sales potential that comes with the acquisition of the bank license seems to have been overlooked. IMO the stock is oversold but dyor. Let’s see what the price is in 12-18 months.
Market didn’t like the profit downgrade, which the company put...
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Last
$6.80 |
Change
0.055(0.82%) |
Mkt cap ! $4.682B | |||
| Open | High | Low | Value | Volume |
| $6.75 | $6.82 | $6.68 | $3.549M | 523.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 947 | $6.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.80 | 2608 | 23 |
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| Last trade - 14.13pm 24/06/2024 (20 minute delay) ? |
| CGF (ASX) Chart |