The results werent all that bad...they just show a slowing growth rate which is enough of a red flag for any traders chasing quick growth.
I dumped all my shares at 3.80 (5% profit)...bought back at 3.50 and immediately resold at 3.78 ..another 5% profit.
No worries for the company it has solid results but the market is very irrational and volatile at the moment. Anything with high PE and slowing growth is getting smashed.
I believe we are seeing a P/E correction across the ASX
Not sure where to re-enter on HSN...sell off doesnt seem done yet...
Thoughts on a new reasonable PE or entry point?
After down 8%, P/E still 28, too expensive, page-13
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Last
$5.78 |
Change
0.010(0.17%) |
Mkt cap ! $881.1M | |||
| Open | High | Low | Value | Volume |
| $5.77 | $5.84 | $5.76 | $325.9K | 56.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 3266 | $5.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.79 | 398 | 3 |
View Market Depth
| Last trade - 11.59am 28/11/2024 (20 minute delay) ? |
| HSN (ASX) Chart |
