GNS gunns limited
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Chart currently in freefall, anyone care to chart the next...

  1. knuckles
    4,942 Posts.
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    26/10/05
    10:55
    Post #: 1193231
    Chart currently in freefall, anyone care to chart the next support level?


    Share woes take bite from Gunns

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    Date: 26/10/2005
    Author: Nick Clark
    Source: The Mercury --- Page: 27
    Shares in Tasmanian timber group Gunns declined $A0.13 to $A2.80 on 25 October 2005, compared with a peak of $A4.80 in late 2004. Concerns about Asian woodchip markets have negatively affected the stock. Woodchip sales volumes declined 12% in the first half of 2005, and analysts believe there has been a continuation of the trend in the first quarter of 2005-06. ABN Amro Australia expects the company will record a 12% decline in profit to $A97m in 2005-06, while an $A82.7m result is expected by Deutsche Bank
    GNS Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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