I think it already did at $11.41.
It appears the announcement yesterday was a huge over reaction and the market responded accordingly.
We are just 2 weeks away from the first half results and there has not been a natural disaster that will greatly impact SUN's bottom line. Certainly no where near the magnitude of that experienced in 2014.
If this continues over the cyclone season, then the additional profit will all but wipe out the board's so called shortfall.
This is window dressing at its best and will soon be called for what it is.
Guesses for bottom, page-2
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Last
$19.59 |
Change
-0.040(0.20%) |
Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
| $19.75 | $19.85 | $19.59 | $57.63M | 3.033M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 399 | $19.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.60 | 7000 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| SUN (ASX) Chart |
