The reason its risen today is the expectations were very low. Forecasts from Bell potter projected NPAT at 21m, it came it at 21m. However there is no reason for it to be up 20% in my opinion other than short term traders who were expected worse and were forced to cover.
Decent selling opportunity on this spike for a very average report in my opinion.
See the following from Bell potter and the DHG announcement. Came in at expectation yet its up 20%? Short covering rally which will fizzle out .
The reason its risen today is the expectations were very low....
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 (20min delay)
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Last
$2.83 |
Change
-0.010(0.35%) |
Mkt cap ! $1.806B | |||
| Open | High | Low | Value | Volume |
| $2.85 | $2.87 | $2.82 | $1.566M | 552.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 19107 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 23898 | 3 |
View Market Depth
| Last trade - 16.10pm 21/11/2024 (20 minute delay) ? |
| DHG (ASX) Chart |
