With the broker's reactions, and the potential downgrade of the price target (which at 7.70 for BP is under the current SP level), I see far more negatives than positives in this article e.g.
'For the first half the business also reported a profit jump of 8 per cent to $US9.86 million and earnings before interest, tax, depreciation and amortisation of $US12.55 million, a jump of 18 per cent, and an EBITDA margin of 25.8 per cent.
The results on paper appeared to miss analyst expectations by more than 10 per cent. Shares fell more than 5 per cent.
Bell Potter analyst Chris Savage had predicted the company's results would be much stronger, with Altium missing his predictions by 25 per cent for net profit and 14 per cent for revenue.
The company also missed Baillieu Holst and UBS' forecasts.'
I was looking to buy but think I will give it a miss after reading this article.
With the broker's reactions, and the potential downgrade of the...
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Last
$67.54 |
Change
-0.210(0.31%) |
Mkt cap ! $8.910B | |||
| Open | High | Low | Value | Volume |
| $67.50 | $67.66 | $67.50 | $48.21M | 713.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $67.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $67.58 | 353 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$67.59 |
Change
-0.210 ( 0.09 %) |
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| Open | High | Low | Volume | ||
| $67.60 | $67.66 | $67.54 | 372554 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| ALU (ASX) Chart |