SKC 0.79% $1.26 skycity entertainment group limited

Interesting, the share price rose on a earnings downgrade.I...

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  1. 7,537 Posts.
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    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).
 
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