Market got spooked by the CW contract,
Risk is negotiating/navigating exit without much loss and then 300 million to be released for business operations. If and when that happens successfully, then SIG can see days of its old glory, that will be when they present 6 months report for the period July 2019-Dec 2019 probably in Feb 2020.
However market gets a feel of these things way before that.
If you are trading short term ,then it is a different story.
Head and shoulder breakdown, page-104
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Last
$2.43 |
Change
0.485(24.9%) |
Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.70 | $2.32 | $138.1M | 55.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 123400 | $2.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.44 | 1365 | 1 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| SIG (ASX) Chart |
