The linked article says 25% of annual revenues lost, but the announcement made yesterday says 12% of the MFG group annual revenues. Big difference there.
As of late, seen a few references to Babcock and Brown demise comparison (a company that went under because of acquiring assets at inflated prices with the asset valuations being much much less than the debt used to purchase the asset comparison) and the sky is falling.
In any case, at times like this, the charts can somehow provide some guidance on entry and exits and quite oversold at the moment. Stocks don't go up on the straight line and also don't go straight down.
DYOR.
The linked article says 25% of annual revenues lost, but the...
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Last
$8.41 |
Change
0.080(0.96%) |
Mkt cap ! $1.451B | |||
| Open | High | Low | Value | Volume |
| $8.31 | $8.41 | $8.20 | $12.67M | 1.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5667 | $8.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.41 | 15509 | 3 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |