10%, $1.80, I think most would take that as a fall, could fall further but it will quickly recover.
Newmarket is not Launceston and the corporate governance, risk and compliance in Newmarket is galaxies away from the corporate governance in Launceston. If you were handing out money or putting capital on either of them, which would you prefer? Would you be influenced by what was happening in Launceston if providing money or capital the company in Newmarket?
So yes, it will fall possibly by 20% or that but IMHO it will recover.
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$5.32 |
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Price($) | Vol. | No. |
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14 | 27750 | 5.300 |
5 | 22946 | 5.280 |
1 | 200 | 5.270 |
3 | 1055 | 5.250 |
Price($) | Vol. | No. |
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5.370 | 4000 | 1 |
5.390 | 8106 | 1 |
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