GMG Global may come under pressure after group disclosed there have been delays in its shipments out of the Ivory Coast (which accounts for 12% of annual rubber exports) amid post-election unrest in the West African nation. However, its prodn facilities have not been affected & mgt does not expect the delays to have a material impact on its financials for FY10. Still, uncertainty over its future earnings or imposition of economic sanctions on the country may weigh on the stock.
Stock has fallen 10% in the last 5 sessions since hitting its $0.34 high but breach of $0.29 triple bottom support may take it back to $0.24 level.
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