I think some of the fear is legitimate. The company has been caught out on a few counts for being sloppy e.g. claiming its technology is patented when it is not, nonexistent offices etc.
It's true that the market has not been updated to change guidance, but that can drop anytime and you will then be caught off guard as there is a stampede for the exits. I am not saying something dire is necessarily going to happen here, but I have seen it many times both on names I used to own and many others I (thankfully) avoided - think Quintis, Blue Sky, Retail Food Group etc.
Interesting that you are hedging your bets by taking a position in VGI.
I think some of the fear is legitimate. The company has been...
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Last
$12.47 |
Change
-0.430(3.33%) |
Mkt cap ! $1.824B | |||
| Open | High | Low | Value | Volume |
| $12.71 | $12.78 | $12.47 | $10.64M | 845.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1444 | $12.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.50 | 660 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| CTD (ASX) Chart |