Will add a fourth reason and fifth reason to that 4. Tax loss selling 5. The sector overall has been suffering.
In respect of management lying about guidance - first half was $3.3M EBIT so to meet guidance they need to do $5.7M EBIT in second half. PSZ profit guidance released today declaring they won't meet guidance is a possible reason for the selling today. Is the market expect a downgrade in guidance from RXP ? Also how long are they going to sit on the cash they raised ? Market is annoyed with that as well.
RXP Price at posting:
57.0¢ Sentiment: Hold Disclosure: Held
