WTP 0.00% 91.0¢ watpac limited

why is it diving, page-19

  1. 1,816 Posts.
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    Watching the selling today, there seemed to be two sellers dumping large parcels on the market. (one selling multiple 20000 parcels, the other multiple 25000 parcels).

    Either something is wrong, causing panic selling (which I doubt) or the sellers are carelessly dumping because its someone elses money they are playing with.

    The company needs to come out and either confirm the original earnings estimate for this year, or provide an updated estimate. Currently the estimate looks overly optimistic, based on the first half results. I understand this is mostly due to timing of projects, a larger number of projects being commenced but not yet being able to book the revenue.
 
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