What happened today is an example of what makes me cynical about investing the share market.
Only 3 months ago, Collins IPO'd at $2.50. Pacific Equity Partners had been hoping to get it away for as high as $2.90. $2.50 was the bottom end of its range. All of this off the back of Collins achieving a FY 2012 forecast of $24.7m
Either they overcooked the FY 2012 forecast at the time of float or trading has fallen off a cliff since since I don't see how 3 months after the float they can now give a profit guidance of between $18m and $20m lower. Whole thing doesn't add up.
What happened today is an example of what makes me cynical about...
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$8.59 |
Change
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Mkt cap ! $966.0M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 750 | $8.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.35 | 10 | 2 |
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