Will interesting to see how the market reacts when the next 3 massive sets of news come out over the next 3 - 4 months.
The company misses consensus targets by ~5% yet the companies share price gets smashed by 50% off its all time highs.
So what happens when new consensus for the 18/19fy and revenue exceeds consensus by a large margin?
Smells to me that some people set the bar that high it was always going to be missed therefore a re-rate and new targets can be set lower for future years.
GLTAH and DYOR
Chart Update, page-1241
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Last
$6.85 |
Change
-0.030(0.44%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.93 | $6.98 | $6.83 | $10.27M | 1.490M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18844 | $6.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 41602 | 1 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |