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