A 2% miss on the market's consensus call on Car Group's first half profit has been punished by investors. That's after Donald Trump told reporters that he planned to hit steel and aluminium imports — it appears investors are treating it as a potential positive for BlueScope, which has US operations. In morning trade, Ansell shares were up 6.4% to $37.15, a level not seen since September 2021.
The share price saw a catastrophic 40% sell-off between 8 and 11 January 2025, becoming the worst performing business on the ASX, only selling for over a dime. Angus Hewitt, an equity analyst at Morningstar, Inc., cites weak consumer sentiment and restrictions such as mandatory carded play as significant factors. There are also fears that its portfolio will be divested or shuttered, with the Queen's Wharf, Brisbane precinct opening just the previous August, as well as that the company collapsing will wipe out investors or workers. The Queensland Government has said that it is in talks to support the South East Queensland www.bondhuplus.com workers should something happen, but has ruled out intervening on the actual company.