Why are they predicting earnings will have declined so much?
FX move?
Seems very strange to me.
This short has been in play since around September so I would suggest overseas investors who are leveraging off the fx move in their short more than anything else.
I also note, no mention of increased disposable income due to the drop in fuel prices.
I really think the market is missing a quite recent & quite massive stimulus of which a considerable amount will be funneled into retail.
The debt covenant thing is just scare mongering imo & quite ridiculous.
Yep the divi maybe cut, but it probably should be because 10% is quite ridiculous.
I would be happy with a 5c interim, anything more than that would be a bonus & it could be as high as 8c I suspect.
Cheap as chips.
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Mkt cap ! $661.3M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 7310 | 0.785 |
7 | 73335 | 0.780 |
2 | 30060 | 0.775 |
3 | 54830 | 0.770 |
Price($) | Vol. | No. |
---|---|---|
0.795 | 481 | 1 |
0.800 | 125000 | 2 |
0.805 | 7310 | 1 |
0.810 | 10869 | 2 |
0.815 | 8310 | 2 |
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