I don't view this a positive at all. I read it that a debt default has occurred by Daiwa for a $44m facility and for which ADD shares & presumably many other shareholdings have been pledged. The new owners of these shares are not necessarily committed holders of ADD & could possibly dump them to realise some return on their debt sooner rather than later. If that happens, the share price will take a hit.
daiwa and co announcement, page-6
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Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $3.634M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $29.97K | 9.991M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 41720277 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 206912 | 1 |
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| Last trade - 14.58pm 03/09/2024 (20 minute delay) ? |
| ADD (ASX) Chart |