The period from 19/8/20 to 28/9/20 makes for sobering reading in hindsight. Starting with the FY20 Results where it was all peaches and a lot of cream, with a
small side mention of channel weakness emerging.
Check these out:
19/8/20 FY20 Results - a boomer with a
hint of channel weakness - SP $20.35
24/8/20 - Options conversions, Nathan & Massasso - SP $20.43
27/8/20 - The BIG DUMP!, Hearn, Babidge, Nathan, Masasso, Khan, Burquest - SP $20.11
24/9/20 - Performance Rights vest, Nathan, Strauss - SP $18.15
28/9/20 - Updated FY21 Outlook (the first downgrade) - SP $16.65
So in summary, just three 'market open' days after the FY20 results, the exec's unload big time after flagging a boomer FY20 with just a hint of issue in channels, then a mere 22 market open days later they say 'Oh Bugger' (for the first time). Then Oh Bugger again 18/12/20, then again 25/2/21, then AGAIN! 10/5/21 - SP $6.50
SP now $6.03, a 71% decline from the $21.74 high prior to FY20 results.