AAX 0.00% 39.5¢ ausenco limited

sellers continue to force price down

  1. DSD
    15,757 Posts.
    SP continues to fall. CEO statement indicates delay in projects (rather than outright cancellation) and tightening of margins (which is to be expected in this environment). Not a pessimistic speech but lacks any detail re earnings for FY14. Mkt decided the tone was too negative and on huge volume sellers appeared. Hard to know when/where SP will bottom-out.
    Have no idea if short selling has contributed to substantial fall in SP from $4 just 2 months ago. Today's slump was substantial. maybe something was said during question time at AGM.
 
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