It has been trading ex for a while now so sell an take up issue rights is an arbitrage. Only holders can do it and the theoretical price from just prior is more like 1.5/1.6c so the current level of 1.3c implies some have been doing just that. The sellers on day 1 @ 1.1c were unfortunate as they took their loss and gave up their rights. In hindsight I suspect it would have been beneficial to have gone trading halt till shareholders got the chance to read the prospectus but not my area of expertise so I assume they followed the rules.
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $909.8M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 18.5¢ | $331.8K | 1.731M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 711601 | 7 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| PYC (ASX) Chart |