News from peers has been terrible. POC mentioned in his recent note that the market is reading through these results to RRL. Shorters seem to be taking a punt on this outcome, which is fair enough and provides an opportunity for some. Not me though. Unfortunately out of bullets.
June Qtr meant to be the strong quarter so if revenue guidance is hit I think RRL should be ok although cost risks were always flagged to the upside. On this front, oil prices have remained flat over the quarter, covid has peaked in WA and mandates have been dropped. Costs depend on labour so we will see how this plays out.
News from peers has been terrible. POC mentioned in his recent...
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Last
$1.76 |
Change
-0.005(0.28%) |
Mkt cap ! $1.325B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.79 | $1.75 | $4.830M | 2.742M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 71476 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 1005 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RRL (ASX) Chart |