So, no downgrade in guidance simply an indication that it will be at the bottom end of previously issued guidance, but NO downgrade.
Prior to the announcement the company stood at a cheap PE of 9.5 with NPAT expected to RISE.
Revised guidance confirms NPAT rise of 20% compared to last year.
On this guidance the share price is smashed almost 15% in two days?
Not sure what I am missing but when a company with good growth prospects at a PE of 9.5 confirms an NPAT guidance of almost 20% what on earth would it be smashed like this. Please, nobody tell me that the markets are rational!
So, no downgrade in guidance simply an indication that it will...
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80.0¢ |
Change
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Mkt cap ! $393.0M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.5¢ | 78.0¢ | $832.2K | 1.042M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7382 | 78.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 76181 | 6 |
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