AJL released a market update today concerning recent flooding affecting their HY01 EBITDA. Their share price dipped 6% but only finished down 2%.
WDS will also take a hit as they have work in the Bowen Basin but they have also not provided an exact forecast for FY11, other than stating they were operating profitably in HY01.
Considering I sold a small part of my holding at 74c only last week, a 15% drop in a short time seems like a lot.
I wonder if Pala will be buying some more?
WDS Price at posting:
63.5¢ Sentiment: LT Buy Disclosure: Held
