Has now only bounced about 4% off the low after falling over 35% from May peak. In comparison Monsanto in the US fell 22% from May peak but has bounced back to now only be circa 15% below.
NUF was effectively hit twice on the same news - once on it's own trading update and then again on Monsanto's trading update both dealing with the same issue. SP fall does look about 15% overdone...most of the broker forecasts are now in the $10.50-$12 region.
Most brokers have also now revised the June company guidance of a 15% miss on 09 earnings to a 23-25% miss. If they hit the 187m profit guidance the price would bounce hard. Probably no further update on that until results released in early Sept....
disappointing sp performance
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Last
$4.41 |
Change
0.020(0.46%) |
Mkt cap ! $1.685B | |||
| Open | High | Low | Value | Volume |
| $4.39 | $4.45 | $4.35 | $2.803M | 636.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11428 | $4.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.44 | 8718 | 4 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| NUF (ASX) Chart |