There was a little comment in the latest announcement, indicating that "times are tough", which the media interpreted as a new, major, significant profit warning.
Beat up story about how the shares "slumped more than 6%" immediately after the announcement.
Major BS, in my view.
The media completely (and conveniently) ignored several important facts:
* Profit warning is not new
* shares were up around 9% the previous day, with no report in the media
* closed only down 3%, which is not brilliant, but reasonable, all things considered
* Most importantly, even after the supposed "crash" in the share price, it is STILL trading at its highest level in months - except for the ONE DAY previously (when it gained 9%)
More than anything, these reports just show how biased and unreliable the media are.
There was a little comment in the latest announcement,...
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Last
$199.03 |
Change
2.530(1.29%) |
Mkt cap ! $76.22B | |||
| Open | High | Low | Value | Volume |
| $197.71 | $199.03 | $196.45 | $296.9M | 1.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4675 | $198.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $199.03 | 9713 | 4 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| MQG (ASX) Chart |