I think the price will drop below $1.9, wouldn’t be surprise to see it around $1.5 unless Mr. Market suddenly decides otherwise, which is highly unlikely.
but on one positive note, in their presentation they did say they are reducing risk appetite, which I think is just a nicer way to say reckless use of equity. Let’s see if Larry and co have learnt their lesson or not.
What will be opening price when trading start?, page-5
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 (20min delay)
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Last
$1.90 |
Change
0.120(6.76%) |
Mkt cap ! $2.366B | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.90 | $1.80 | $20.65M | 11.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 77355 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 86620 | 14 |
View Market Depth
| Last trade - 12.08pm 29/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |