It is fair to say he market is expecting the company to beat H1 expectation and with upbeat H2 guidance.
On one hand, the demand of RBL shares is expected to increase leading up to the announcement (i.e. still currently discounted pre-announcement, new CEO starting, and RBL to be included in ASX200). On the other hand, the supply of RBL shares will be tightened as holders are waiting for H1 results. Hence, we may observe that the SP may continue to escalate before it reaches a new equilibrium, despite some short term profit-taking.
The best-case scenario would be having positive news from an interim unaudited H1 result announcement before mid-Feb (perhaps coupled with a farewell note from the acting CEO). This is not likely, but possible.
Nevertheless, a very exciting time ahead for RBL this year.
ETSY UP 22 TODAY, page-6
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Last
39.0¢ |
Change
0.005(1.30%) |
Mkt cap ! $109.9M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 40.0¢ | 38.5¢ | $53.57K | 135.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 34999 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 184720 | 1 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| ATG (ASX) Chart |