People selling because their profits are going to lower for the 2HFY17 and FY18.
$22M NPAT for 1HFY17 is going to be as good as it gets for now. 2HFY17 not looking flash hot.
BellPotter's FY17 forecast is $26.5M
Take $22M out, you are left with $4.5M for 2HFY17 - which is terrible.
It looked good on paper with growth, but that's past and market is always about the future. I guess some people didn't read the report properly and measure that against the future.
Only desirable shares get shorted, page-2
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Last
$2.97 |
Change
-0.020(0.67%) |
Mkt cap ! $899.9M | |||
| Open | High | Low | Value | Volume |
| $2.98 | $3.00 | $2.92 | $2.182M | 735.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6487 | $2.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 1948 | 2 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| NAN (ASX) Chart |