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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The reason for the price drop is quite simple. This co. has...
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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. |
---|---|---|
$1.73 | 6017 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 473 | 1.700 |
1 | 473 | 1.695 |
1 | 473 | 1.690 |
1 | 473 | 1.685 |
1 | 473 | 1.680 |
Price($) | Vol. | No. |
---|---|---|
1.730 | 6017 | 3 |
1.735 | 473 | 1 |
1.740 | 473 | 1 |
1.745 | 473 | 1 |
1.750 | 473 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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IFM (ASX) Chart |