I am only guessing, but I think the recent sharp plunge may have to do with the recent legislation changes for labour hire companies. I have not had the time to look into it in depth.
https://www.aph.gov.au/Parliamentar...slation/Bills_Search_Results/Result?bId=r7072
If it is a material change to the business model of the business that has the potential to effect the forward guidance, the board are obliged to disclose this to the market in a reasonable timeframe.
If I get time, I will read up on it further.
Labour hire legislation
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$6.85 |
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| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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$6.80 |
Change
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| Last updated 15.59pm 03/05/2024 ? | |||||
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