The share price of the nannies share price fell by almost $60 on Wednesday, after the shares of the two leading private sector nannying companies plunged by a third in two weeks.
The shares of Sally and Sally’s Network have both tumbled by more than 50 per cent this year.
Sally’s shares have been on a tear, climbing more than 40 per cent in less than three months, and Sally has also lost market share.
Sally has lost a total of more than $500 million since it was acquired by SSA in February.
Sally has also experienced significant losses since its acquisition by Samael.
Sally and Samaele share prices are currently trading at $30.95 and $28.96 respectively.
Last week, the company announced a significant capital expenditure to improve its business performance, and also announced a $500m cash dividend.
Sally shares have fallen by almost 30 per cent since its initial public offering in February, and have fallen further this year by more more than 20 per cent.
It has been one of the biggest losses of the year for Sally.
In February, Sally shares lost almost $200 million.
What you need to know about nannys share price Sally’s share price has fallen by more on the back of the plunging shares of Nanny Share, the nanning company, and the shares falling by about 20 per and 21 per cent respectively.
The stock is currently trading for around $27.55, a 12 per cent decline on its close in the middle of March.
Its shares have also dropped by more 50 per to 50 per cents on the year, making it one of Australia’s worst performing share markets, according to the Australian Securities Exchange.
Read more about Sally and its nanny shares here:Nanny Share shares have lost about $600 million over the last six months, according, to Samaels figures.
Sally fell by $50 million over that time.