Yes campjor, I have to agree with you. Far too much of a coincidence that the SP has declined this past month or so and now we get this downgrade. Admittedly, its a relatively mild downgrade. The SP decline should be investigated by ASX, starting with a Please Explain to the company. Not that that will assist much, but clearly by any statistical standard the SP decline has been "anomolous". At least todays news has essentially been factored into the SP so no or very little further damage could be a reasonable supposition. May be a short blip downwards but temporary and I would be surprised if the current SP is not maintained in the medium term. The stated intent to continue with a progressive dividend policy offsets things somewhat and is welcomed. Okay ASX, over to you, please take a look at the trading pattern this past month or so.
RXP Price at posting:
69.0¢ Sentiment: Hold Disclosure: Held