Just a guess ,but batrenjoey could have been propping it up . Buy at 59.5 , scalp that parcel + some more at 60.5… eventually getting out . Now that support is gone it’s at the mercy of uncertainty and traders abusing the stock.in addition to that if you discount Qld rev by 20% , it’s roughly 200m a year . On a 10% margin that’s 20m NI . On 15 PE thats 300m.we’ve now fallen by close to $280m . one 6 month delay doesn’t cause this . Only something in perpetuity could.
Hidden in plain sight - takeover opportunity, page-79
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Last
21.3¢ |
Change
0.003(1.19%) |
Mkt cap ! $616.7M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 20.5¢ | $2.268M | 10.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 73 | 4563640 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 1589096 | 36 |
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| Last trade - 12.27pm 05/11/2024 (20 minute delay) ? |
| SGR (ASX) Chart |