What happened today is an example of what makes me cynical about investing the share market.
Only 3 months ago, Collins IPO'd at $2.50. Pacific Equity Partners had been hoping to get it away for as high as $2.90. $2.50 was the bottom end of its range. All of this off the back of Collins achieving a FY 2012 forecast of $24.7m
Either they overcooked the FY 2012 forecast at the time of float or trading has fallen off a cliff since since I don't see how 3 months after the float they can now give a profit guidance of between $18m and $20m lower. Whole thing doesn't add up.
What happened today is an example of what makes me cynical about...
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Last
$9.10 |
Change
-0.020(0.22%) |
Mkt cap ! $1.073B | |||
| Open | High | Low | Value | Volume |
| $9.11 | $9.19 | $9.05 | $2.829M | 310.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 122 | $9.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.17 | 3055 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| CKF (ASX) Chart |