Major re-rating going on. Too early to pick bottoms IMHO. (Nasty habit anyway!)
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Topped at at 4.38 then again at 4.00. Far too tempting for me :p
One thing I noticed was admin expenses was over $10m more than last year, pushing operating profits down 29%.
Haven't had time to read the report in detail yet. Anyone know what these admin expenses were?
I suspect the fund I mentioned before Investment Services Group have been gradually reducing their stake this year going down from 8.69% to 6.84% and recently to 5.72%. As at current notice they hold 9.5mln shares under their belt. I'm picking they might go under 5% threshold soon if they continue their intentions of offloading.
So, it probably is wise to wait before doubling down or planning to buy in, just my 2c worth.
Some 36% drop since beginning of month is some thrashing
Obviously I need to take a bit of renewed interest.
dont pie funds have a holding , i think when they dont like something they just ditch?
Few big crossings happening today, latest being 1.5m shares at $3.85 a piece.