In a few weeks time when shareprice is $16 or so most will be saying what was the fuss about
Market noise does get excessively amplified at times
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I think the same as all the businesses are effective by the covid-19 but only ATM sailed through, until the late announcement and everybody knew that, the late sharply drop of 30% share price hence has already spoken about the covid-19's shrunk, by saying that despite whatever happen this company is very solid. Also the vaccines are rolling around the globe. Just hold my breath and wish all the best.
Obviously the market will ignore me, but I'm using $14.60 as a baseline for the last 2 yrs from the graph, so say a 15% down forecast from that is $12.40.which to me means its not worth selling at current cross of $13.
If its only 10% down forecast...
12.19 was 2019 low too ...made in Nov 2019 ...so that should be first support below 13.60 ...then 10.80 to 11.20 band ...finally 9.50 to 9.80 levels !!
Depending upon the nature of the news ...SP severity will unfold ....Financial misrepresentation of past will really spook SP
One bit of financial representation I'll rely on is $854M cash, thats not creative accounting.
13 pages of nothing :eek2: :t_up:
check out this announcement by iri today . this is what happens if its a simple profit downgrade
The Company announced at its Annual General Meeting (AGM) that its revenue for the first fourmonths of financial year 2021 were below the prior corresponding period and commented on therisk that its operating results for the half year ending 31 December 2020 may be below the priorcorresponding period.
http://research.iress.com.au/IDS/old...091850000&ppv=
and the stock carries on trading
now check out these
Lessons from Bellamy’s Australia
Bellamy’s Australia has fallen into a serious hole.
Trouble first started emerging at Bellamy’s in early December last year. The company provided a trading update to the market announcing a substantial downgrade to its Chinese growth aspirations
https://milfordasset.com/insights/le...amys-australia
then
The share price of the organic infant formula producer has declined 67% since early December following the announcement and resumption of trading
worst case
Freedom Foods Group Limited (ASX Code: FNP) Freedom Foods hereby requests a trading halt for its ordinaryshares immediately.a) The trading halt is requested pending a further announcement concerning its financialperformance. The trading halt will remain in place until the morning of Friday 26th June.
delayed so they can investigate the issues found and its still under suspension