another day and down another 5%, page-18

  1. 4,941 Posts.
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    Yes the announcement is a good one, however it doesn't really give us a complete picture of how they are travelling operationally as the ASX only wanted to know if there would be a difference of 15% from the previous corresponding period to the 30 June.

    Fundamentals are very good though, however, this whole sector is under pressure from institutional selling as the world and Australian economies slow, interest rates rise, unemployment rises and oil remains at these levels.

    I wouldn't be rushing in too quickly. Missed out on buying this morning with a bid at $5.46 but I'm not going to chase it.
 
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