Super low volumes so drifting a bit.
At .034 it was days away from going down and that reaction was on news.
Going down now is on lack of news.
No wonder people are rattling the cage they are down prob over $5m at the last CR.
On industry chat I am hearing the wages some of the MSOs are paying is north of $2000 a week in the hand with a few getting $2500.
I just can't see how that is economically viable when doing work on a volume contract with an insurer. I must be missing something.
I just can't see a circuit breaker as the industry is being put into a bidding war for staff.
It will take a big drop off in work to reverse this which is unlikely as there are 1500 new immigrants coming to Australia every day.
Just imagine the wage explosion if there was low or normal immigration, then every industry would be in chaos.
Bell Potter drops AMA target from $0.12 to $0.08, page-44
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