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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 (20min delay)
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Last
$6.56 |
Change
-0.120(1.80%) |
Mkt cap ! $4.533B | |||
| Open | High | Low | Value | Volume |
| $6.65 | $6.71 | $6.53 | $7.326M | 1.115M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13152 | $6.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.57 | 9116 | 2 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$6.56 |
Change
-0.120 ( 1.67 %) |
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| Open | High | Low | Volume | ||
| $6.67 | $6.71 | $6.53 | 133097 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| CGF (ASX) Chart |