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Monday, November 27, 2017

Jumbo - Earnings below estimate , higher dividend did not help share price

Jumbo - FY 17 earnings below estimates dampened by higher operating cost. Faster  expansion plan incurring higher capex will be a key risk if it fails to deliver growth. The increased dividend to 1.2c did not help  to boost the sentiment. On the charts , its heading for its next support at 0.525 and a break below this level will take the share price down to 0.47.

All posts and charts are for educational and illustration purposes only

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