Could be time to be wary due to potential economic recession overseas . Only saving grace is that the Aussie economy is better positioned than Europe and the US to avoid recession. I am thinking China will be in a go slow cycle for some time. This is a quality stock, but that may not protect it should further market volatility ensures. I believe shareholders have a choice, hold and don't look at the carnage, as the company should get through and rebound, or the other option sell and park your money on the sidelines until you see a buying opportunity, if it drops considerably.
Christopher
IMD Price at posting:
$1.76 Sentiment: Buy Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)