Had to buy that dip - there is a possibility the sell-off over the last month has been partly due to some smarties working out that there have been interviews for a new CEO. Lower AUD should have been a bit supportive, you might think.
I like it that they have an internal candidate taking the job, and that there is a long succession period.
Often a new MD has a scorched earth policy - they sack all of the previous CEO's people, and try to increase their power by blocking information from passing up to board level etc etc. This is far better, as there is continuity of a successful strategy and tactics with some "fresh eyes" modifications.
I suspect it is possible that the SP could go back up to $13.50 or so, if there was selling due to this knowledge - but we will have to wait and see what happens.
Ann: AMCOR ANNOUNCES CHINESE FLEXIBLE PACKAGING ACQUISITION, page-11
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Last
$16.21 |
Change
-0.150(0.92%) |
Mkt cap ! $9.951B | |||
| Open | High | Low | Value | Volume |
| $16.07 | $16.22 | $16.01 | $55.36M | 3.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2283 | $16.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.21 | 18116 | 1 |
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| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| AMC (ASX) Chart |
