MAD mader group limited
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I am only guessing, but I think the recent sharp plunge may have...

  1. vic_wattle
    3,581 Posts.
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    22/09/23
    15:38
    Post #: 69981983
    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.
    MAD Price at posting: $6.34 Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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