re: reaffirmed earning to all negs. Firstly, 'cause someone bought up to 74c (not 75), doesn't make them fools. My interpretation of a fool is someone who calls others fools. (you know: as you think others are)
Secondly, I believe PPT must be short or running out of ammo. They had 18m when profit warning was issued and 30m have been traded since. I think yesterday was close to there last hurrah.
Thirdly, profit warning of short term 30% versus a 50% decline in price. Why such large drop? Because one profit warning is often followed by several others. A reaffirmation at this late stage of the half is positive to my way of thinking. I.E. No further warnings
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1 | 3 | 2.760 |
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1 | 2000 | 2.420 |
1 | 2000 | 2.200 |
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2.810 | 43 | 1 |
2.870 | 1138 | 1 |
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