Am I missing something here?
AAC releases one of the worst FY results in recent memory - ($106m NPAT loss / $39.9m cash flow loss / 50.3% reduction in meat sales / 67% reduction in total sales rev) - but the share price is up almost 7% today...
Share price has been trending down significantly over the past 12-months, before any of this news, so why would anyone be buying in now? It seems like a counter-intuitive reaction.
Bullish for AAC, page-51
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Last
$1.37 |
Change
0.020(1.48%) |
Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.38 | $1.35 | $265.6K | 194.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19999 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 1364 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| AAC (ASX) Chart |
