Value_Hunters "stock likely to trade closer to $4 .....as very large profit on offer ......"
I tend to agree ... The large 'stag' that instos will make is too tempting for them - thats why there was a 92% take-up rate. Bear in mind that the instos already have their stock & the damage will be done well before any retail holder can do anything about it. I dont think ORG will trade near $4 tomorrow but I do believe $5 & over is overly optimistic.
For me, I intend to sell my entitlements worth of stock out of my ordinarys holding at the best price tomorrow. Then take-up the rights at $4 or maybe even lower than that if it comes to pass. I do realise that the dilution is a big problem & with the greatly reduced yield, I may even exit the stock completely & find better value elsewhere.
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Last
$10.51 |
Change
0.030(0.29%) |
Mkt cap ! $18.10B |
Open | High | Low | Value | Volume |
$10.59 | $10.59 | $10.37 | $26.42M | 2.520M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 111 | $10.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.51 | 5537 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 10.410 |
2 | 6100 | 10.390 |
1 | 1100 | 10.380 |
1 | 100 | 10.350 |
2 | 125 | 10.340 |
Price($) | Vol. | No. |
---|---|---|
10.550 | 490 | 1 |
10.600 | 3049 | 2 |
10.670 | 2000 | 1 |
10.680 | 1854 | 3 |
10.690 | 4165 | 2 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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ORG (ASX) Chart |