IFM 0.87% $1.72 infomedia ltd

The reason for the price drop is quite simple. This co. has...

  1. 30 Posts.
    The reason for the price drop is quite simple. This co. has great fundamentals but basically no earnings growth for 4 years, so has not been a buy for many people. On the 25/10/06 they announced 1st qtr profit had increased 15% approx. on previous financ. year. This was the trigger for me and several others to buy. I bought on that day at 72c and as you know it went up another 20%. They then put out the recent ann. saying full year profit is going to actually drop 10% approx. I sold out immed. as my whole reason for buying in the first place was gone. I am sure many others have done the same. I'm actually surprised the sp has held up where it is. By rights it should retrace back the 70c at least.
 
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Last
$1.72
Change
-0.015(0.87%)
Mkt cap ! $644.4M
Open High Low Value Volume
$1.74 $1.74 $1.72 $118.9K 69.18K

Buyers (Bids)

No. Vol. Price($)
2 4902 $1.72
 

Sellers (Offers)

Price($) Vol. No.
$1.73 6017 3
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Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
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