The fall in the share price is probably due to the company's comments that marketing costs will increase to 2.2% of TTV vs normal band of 1.5 - 2.0%, as per the ASX release of October 12. The market has probably interpreted this as a downgrade to 1H13 numbers.
On $390m of TTV for the first half (say) this equates to ~$1.9m of extra costs in 1H13. PBT in 1H12 was only $8.5m so this is a pretty material number, even if the higher costs are expected to be only temporary.
The fall in the share price is probably due to the company's...
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Last
$9.25 |
Change
0.060(0.65%) |
Mkt cap ! $3.618B | |||
| Open | High | Low | Value | Volume |
| $9.14 | $9.25 | $9.09 | $8.188M | 889.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 28964 | $9.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.27 | 3491 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| WEB (ASX) Chart |