Chanticleer

What we learnt: Behind the massive share price moves on manic Monday

Investors were brutal in their earnings assessments, leaving nowhere for the disappointers to hide.

Updated Feb 24, 2025 – 4.49pm, first published at 3.11pm

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The big result | The $12 billion plumbing supplies giant Reece has long been beloved by analysts for its ability to churn out consistent revenue growth at strong margins in a mature, no-frills sector.

But on Monday, the market turned against the group, with the stock plunging 13.5 per cent on a day of huge share price moves in either direction: private health insurer NIB leapt more than 15 per cent, cinemas, hotels and restaurants group EVT jumped 11 per cent, fintech group Iress dived 18 per cent and WiseTech Global plunged more than 24 per cent.

James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.