acturtle, earnungs growth declined dramatically in the last report and forecast to decline further. CBA and another major shareholders have been selling.
I am however surprised that PPT has added to their position since the lower earnings forecast in October as they are normally fairly astute - although that was November and this is December.
The market does not have much tolerance for deteriorating results - recently FUN and GUD - two mid cap golden boys for a few years have fallen off the perch with less optimistic outlooks. Once they profit warn might be better putting the capital to use elsewhere and not giving the benefit of the doubt.
AVV
aav limited
