This means prediction for SP is extremely hard because of so many many variables to consider such as investors' reaction toward news, European and US markets movement and so on and so on and so on......
IMO at this stage it is negative impact in short term perspective as many CMJ buyers bought stocks with anticipation of T/O but today share buy-back starts for 10% of issued shares (68,967,692) till 26/08/09 and end of this month ex-dividend date for 6 cents unfranked dividend.
Usually during share buy-back period, SP goes up.
All these are general thought. We could check how SP start trading in the morning.
Regards,
CMJ Price at posting:
$3.32 Sentiment: None Disclosure: Held
