I agree, the combination of a change of MD & CFO always has an impact as does an upshift in appetite by shorters as has happened here starting in early November last year, they always manage to bring a company back to raw fundamentals and if free cash is an issue then they will have sniffed some blood in the water. If AACo does slip off the ASX200 indices in the March review (annual review for all indices) then more downside might be yet to come even though this scratches the Feb 2016 price and the back in the pre-2014 period of doldrums.
Maybe the success or lack thereof for the Foley expoused wonder plant at Catherine in the NT is having a financial impact of less than the favourable kind and also the market doesn't like the two southern closures in Vic and Tas.
Having said all that I have to admit the price is looking somewhat tasty at this point even if it does have some further to come off.
Tavistock takeover or sell on Landline, page-38
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Last
$1.38 |
Change
-0.020(1.43%) |
Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.37 | $290.7K | 209.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 82812 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 2730 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| AAC (ASX) Chart |
