RHG rams home its advantage
A handful of junior names including RHG have recovered all or most of their losses from the market correction and this could set them up for a further rally in the August reporting season.
Small-cap investors are torn between seemingly low valuations and worries earnings momentum could falter over the next year.
Pessimists have had the upper hand since the mid-April correction, judging by the lack of conviction buying by longer-term investors, the number of apparent “bargains" at the junior end and growing speculation that earning expectations for the current financial year need to be trimmed.
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