HSP, not quite right regarding Sonic "upgrading" its conservative guidance.
In August, Sonic's guidance was for about 20% growth for FY16. At the annual meeting this week, it simply repeated that guidance (although now says "exceed 20%"). Maybe investors didn't believe them previously, whereas the ann meeting provided more detailed evidence of growth.
In any event, I was amazed by the market's silliness when SHL dropped below $18, less than 8 weeks AFTER it provided guidance of 20% growth. So, I bought more.
TP=$30?, page-2
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Last
$27.82 |
Change
1.620(6.18%) |
Mkt cap ! $12.91B | |||
| Open | High | Low | Value | Volume |
| $26.51 | $27.87 | $26.43 | $18.06M | 661.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 154 | $27.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.83 | 2310 | 9 |
View Market Depth
| Last trade - 12.59pm 19/11/2024 (20 minute delay) ? |
| SHL (ASX) Chart |
