You are viewing:-
you're reading...
1.IPO results, 1.Market Observations, 8.Was Sticky

7 Nov 2017 (AFR) – McGrath earnings hit by apartment slowdown, jobs to go

(7 November 2017, AFR, p30, by Larry Schlesinger)

McGrath share price August-November 2017.

McGrath share price August-November 2017. (Source: Bloomberg)

‘McGrath suffered one of its biggest share price falls on Monday after the beleaguered real estate agency issued a profit warning due mainly to a collapse in off-the-plan apartment sales in its key project marketing division and said it would make significant job cuts.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Advertisements
%d bloggers like this: