To my mind Fridays action was to set this up for a classic accumulation play before it breaks out for a major run. Manipulated close so could spruke worst performing stock.
Don't kid yourself - the news on Friday was what analysts were looking for and update included numerous important messages. Including fact:
- have nearly $200m turnaround in earnings expected from decision to mothball SI from FY2016 (and that is on $600m market cap!!!!)
- indicated they are looking for further divestment opportunities to exceed $100m target.
- further earnings upside expected from consumables and steel division as recovery prices / demand in those areas
Like the chart action on this one, and expectation due for bounce in IO price in my examination of IO price chart (double bottom anyone).
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- Not bad News,But Price Gone down,Why?
Not bad News,But Price Gone down,Why?, page-54
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.65M |
Open | High | Low | Value | Volume |
3.5¢ | 3.5¢ | 3.1¢ | $109.5K | 3.332M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13000 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 100300 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13000 | 0.033 |
1 | 100000 | 0.032 |
1 | 181100 | 0.031 |
3 | 1141378 | 0.030 |
3 | 378571 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 100300 | 2 |
0.038 | 453009 | 3 |
0.039 | 598837 | 6 |
0.040 | 1698478 | 5 |
0.041 | 322598 | 2 |
Last trade - 15.40pm 15/10/2024 (20 minute delay) ? |
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