I am a holder of ANN
Reading the update is difficult as there is not much detail...
What I can take from this is :
overall downgrade of 10% from last outlook
sales flat on a constant currency basis which is positive considering resource space
some increase in operational costs in medical/industrial short term
FX largest impact in downgrade
so the business is sound however impacted by headwinds FX and resource environment which is not a major concern to long term investors
As to SP behaviour I believe allot has been factored in the current price at 95c EPS 16 PE =14 consensus prior to announcement was EPS of 1.07 - 1.10 US... no doubt there will be some panic selling by traders
Keep in mind the company has another 50m for buy back which I assume they have paused for block out period prior to 1/2 year results announcements
If you are not in this a good opportunity to buy on the dip
I am a holder of ANN Reading the update is difficult as there is...
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Last
$33.05 |
Change
-0.020(0.06%) |
Mkt cap ! $4.584B | |||
| Open | High | Low | Value | Volume |
| $33.10 | $33.23 | $32.88 | $2.471M | 74.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 385 | $33.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.05 | 1682 | 5 |
View Market Depth
| Last trade - 14.59pm 29/11/2024 (20 minute delay) ? |
| ANN (ASX) Chart |
