Next downgrade (#3 of at least 3 downgrades) could see the sp back down at $1.50, where the sp was 10+ years ago.
One to avoid until then.
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Ouch
And stock turnover still around 2 x?
How can this ever be improved?
Support at around $1.80.
What are the odds that's skrewed any chance of or a knifing over of the March Interim Dividend ?
usually only a 2.5c dish out but hey, when the chips are down, out comes the preheated knife ..
$1.80 might be under pressure once that goes down ;)
The Honey Warehouse might be following a similar trajectory to another Warehouse .. but then the other lot probably manage a better stock turn ;)
Volume for the day was way up on normal, a case of get out at any price so might expect a bit of bounce after the carnage. How things have changed from mid to high 3s not that long ago when there were share buy backs and a good deal of confidence.