The company mention their profit will slide but did not...

  1. 11,060 Posts.
    lightbulb Created with Sketch. 1778
    The company mention their profit will slide but did not quantify. Analysts fear the worst, thus shorters are having a field day. If profit is better than expected, that is, if it makes a good profit but maintain as last year or a bit lower, the SP will bounce right back. Analysts think the worst, so the shares have been sold right down, even worst than before the SP went up. I think aluminium is the area where they have price declined the most. However 59percent is hedged. They have sold more properties and other areas are making good profit. I am more optimistic, so I bought some at this level. The company has a strong balance sheet.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.