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
$1.65 |
Change
-0.040(2.37%) |
Mkt cap ! $1.858B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.66 | $1.60 | $24.14M | 14.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 144386 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 170543 | 5 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |