Yes SR, an oversubscribed SPP is high on the cards. JIMHO Link will be holding deposits for several weeks & for much of marked "return to sender". If so, there's going to be angst focused on perceived preference to 708s. On that Management saw a need to close out the funds sooner than later, so got it done JIMHO.
However, looking at yesterday's parcels, it was a sizable exit. A stop-loss? planned portfolio move? Other 708s to participate in? That's their business but a sizable exit for retailers nonetheless, particularly if it was connected to recent selling.
On that, I consider as Management put this CR on shareholders, they see the desirability in transparency that a post SPP Top20 would furnish. No news mantra is one thing. However, transparency is vital for trust.
Yes SR, an oversubscribed SPP is high on the cards. JIMHO Link...
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Last
2.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $50.57M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.1¢ | $38.09K | 1.731M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1505316 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 676543 | 1 |
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| Last trade - 15.57pm 03/05/2024 (20 minute delay) ? |
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Last
2.2¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 2.2¢ | 2.3¢ | 2.2¢ | 764931 | ||
| Last updated 15.55pm 03/05/2024 ? | |||||
| ADO (ASX) Chart |