"DOWNER EDI lost $248 million in market value this morning after taking a $250m provision over its Waratah rail project. "
Interesting comment from the article
Stocks are valued on the basis of earnings going forward.
Any lose will be reflected in the price.
Downer was worth $1,551m. it had a lose of $250m
It should be worth $1,301m
343m shares
$3.79
Price today at close is $3.61
could be undervalued.
ann out shocking, page-29
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$5.78 |
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| Open | High | Low | Value | Volume |
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