At the risk of being labelled a conspiracist, it is always potentially concerning when the SP drops relatively steeply between the end of the financial year and when the Annual Results are eventually released to the market (approx. a 3 month time frame). This is especially so when there has been no negative events to fuel such a drop. Of course, the official balance sheet is only valid for a day (June 30) so a lot can happen in 3 months, but by then it is too late to respond.
I can't see any obvious reason why anyone would want to dump this Company at this time. All we can do for now is to keep an eye on things like any SSH notices or changes in Directors' holdings - especially those holding more than 10%.
CXX Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held