The share price has dropped off sharply since the Chairman's Address to Shareholders on 30th October. Something like 13% in less then a week.
What did he say that was so bad?
It's appears the company withdrew a SPP recently. Apparently due to share price volatility. What was that all about? I would have thought they would need as much capital as possible for growth.
You would think the share price of a company in such a strong growth industry would be heading north, not south for example Vocus (VOC.asx) of which I am a happy share holder.
Any insight from someone one knows this company well would be appreciated.
For the record I bought a small parcel of shares today simply to get on the register.
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$16.52 |
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