All i can say is wow.
Saw the results this morning thought ok nothing special pretty much what expected no positive surprises with a better 2nd half to come and was expecting a higher interim dividend than 9.5c and off to work i went.
Then late afternoon i see it's 15% off . Hmmm overreaction is right but when a major broker says the stock is worth 5.70 , 1.50 under yesterday's close it sends a message to the market and then the selling started and accelerated.
Shorts target 5.70 which was the high before the CR great work for those in on that .
Traders and longs could look to buy or add more there.
All i can say is wow. Saw the results this morning thought ok...
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Last
$6.15 |
Change
-0.100(1.60%) |
Mkt cap ! $4.252B | |||
| Open | High | Low | Value | Volume |
| $6.32 | $6.40 | $6.15 | $13.47M | 2.171M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9163 | $6.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.20 | 3624 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| CGF (ASX) Chart |