I think this will sell off every day for the rest of the financial year (barring some miracle PPSA signing). It’s a classic tax loss selling stock. At current share price not a single holder will be in profit and most will be sick of looking at it in their portfolios. As such people will sell and take the tax loss. Can’t see anything changing before late June. Only question will be how low it gets to.
IVZ Price at posting:
6.4¢ Sentiment: Sell Disclosure: Held
