Value_Hunters "stock likely to trade closer to $4 .....as very large profit on offer ......"
I tend to agree ... The large 'stag' that instos will make is too tempting for them - thats why there was a 92% take-up rate. Bear in mind that the instos already have their stock & the damage will be done well before any retail holder can do anything about it. I dont think ORG will trade near $4 tomorrow but I do believe $5 & over is overly optimistic.
For me, I intend to sell my entitlements worth of stock out of my ordinarys holding at the best price tomorrow. Then take-up the rights at $4 or maybe even lower than that if it comes to pass. I do realise that the dilution is a big problem & with the greatly reduced yield, I may even exit the stock completely & find better value elsewhere.
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Last
$10.86 |
Change
-0.090(0.82%) |
Mkt cap ! $18.70B |
Open | High | Low | Value | Volume |
$10.94 | $11.06 | $10.86 | $35.83M | 3.279M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 112720 | $10.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.88 | 176 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 250 | 10.850 |
1 | 3000 | 10.810 |
2 | 752 | 10.800 |
1 | 1400 | 10.710 |
1 | 1000 | 10.660 |
Price($) | Vol. | No. |
---|---|---|
10.910 | 50 | 1 |
10.920 | 6349 | 1 |
10.930 | 200 | 1 |
10.970 | 155 | 1 |
10.980 | 24484 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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