BLD already dropped from 8$ to 5$ on the back of the housing slowdown, that's been factored in ages ago despite relatively small exposure to Oz residential housing.
Any further slow down in the Oz economy will be countered by even more infrastructure spending and/or QE, both heavily benefiting BLD.
This panic move is just that. It doesn't follow any logic. Apart from pure mismanagement, I can't see any ways for BLD to loose over the next 5-10 years.
What happened, page-17
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Last
$5.78 |
Change
0.010(0.17%) |
Mkt cap ! $6.268B | |||
| Open | High | Low | Value | Volume |
| $5.72 | $5.83 | $5.72 | $2.071M | 357.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6135 | $5.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.78 | 197 | 1 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
$5.78 |
Change
0.010 ( 0.39 %) |
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| Open | High | Low | Volume | ||
| $5.78 | $5.83 | $5.78 | 52365 | ||
| Last updated 15.59pm 03/06/2024 ? | |||||
| BLD (ASX) Chart |