I have decided to take a punt of just over $5,000 (approx same as the SPP), however paying 6.8c
Number of reasons:
* Hoping there will be a run up to the share price leading up to the closing dte
* This ensure I take advantage of the above
* I avoid any scale back
If all the above fall into place, I can take profits the day BEFORE shares are allocated to the HINS to avoid a drop in share price do to profit taking on take up of SPP!
Conclusion: ONLY afew weeks away if this trade is successful or not
Other SPP currently in the money I have advised on is GNC last traded $7.47 (SPP price $6.25) and FMS last traded at 5.5c (SPP price 5.3c). Both have now passed record dates!
insider takes a on market punt
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Last
27.0¢ |
Change
-0.020(6.90%) |
Mkt cap ! $392.7M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 27.0¢ | $569.8K | 2.076M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 706076 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| IMM (ASX) Chart |