Interesting, the share price rose on a earnings downgrade.
I added again to the position at $1.36 average.
When the share price rises on a earnings downgrade, then market expectations are so low that the updated FY25 reduced forecast was regarded as a positive (ie the market was expecting worse).
Ann: TRADING AND DIVIDEND UPDATE, page-18
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Last
$1.28 |
Change
-0.105(7.61%) |
Mkt cap ! $969.2M | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.38 | $1.28 | $1.095M | 835.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15396 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 837 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SKC (ASX) Chart |