Oceania Healthcare shares drop as earnings knocked by pandemic lockdown

Thu, 23 Jul 2020

Oceania Healthcare's annual earnings were knocked around by the pandemic lockdown, with falling property values pushing it into the red. Investors opted to sell after a strong run into the result. The shares initially fell as much as 8.4 percent and recently traded at 99 cents, down 3.9 percent in early trading. Still, the stock had been trading at 92 cents on July 6. "Obviously the headline doesn't read that well. Potentially the outlook, potentially the revaluation, potentially the dividend, have all contributed to maybe a bit of money...

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