TNE to double in size in 5 years?, page-4

Not quite. Lower again today.

Some detail courtesy Reuters.

• * TechnologyOne Ltd lost ~13% of its market value on Tuesday, even after the software co posted a sizable jump in first-half net profit ...
• * Shares slump 12.8% to A$7.89, significantly lower than the record high close of A$9.30 they hit on Friday
• * TNE shares have jumped ~47% so far this year, outperforming an index of its peers , which has gained 30% thus far
• * As of Monday's close, TechnologyOne had a market value of about A$2.87 bln ($1.97 bln)
• * At its lowest level on the day, TNE was valued by investors at about A$2.5 bln
• * At last look, ~2.8 mln shares change hands, nearly 4 times the 30-day average of 756,984 shares
• * Stock is the biggest percentage loser on the benchmark index , while the ASX IT index fell 3.6% ($1 = 1.4533 Australian dollars)