In all probability, it was Perpetual Funds Management who cornered Morgans Stockbroking in the $0.80 KSL rights issue debacle approx 2 years ago.
Someone dumped millions of KSL shares on tbe market in the days before the rights issue date.
They figured Morgans (the underwriter) would have to support the 0.80 level to get the rights issue away.
Morgans tried, via millions of purchased shares and then stopped
The KSL price fell to $0.75 and as a result many KSL holders did not take up their rights
This is the type of financial scum, the average KSL holder has to put up with.
After that episode it is unlikely any broker will underwrite a KSL issue in the future.
Ann: Change in substantial holding from PPT, page-6
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Last
93.0¢ |
Change
0.005(0.54%) |
Mkt cap ! $267.3M | |||
| Open | High | Low | Value | Volume |
| 92.5¢ | 93.5¢ | 92.5¢ | $233.8K | 250.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 130958 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 57992 | 5 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
93.0¢ |
Change
0.005 ( 0.02 %) |
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| Open | High | Low | Volume | ||
| 93.0¢ | 93.5¢ | 92.5¢ | 101985 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| KSL (ASX) Chart |