Not a day does a summer make. BAL has recovered to be only 19% down for the day based on the appointment of Nigel Underwood as CFO from Downer Keolis and insider Cohen to try to give it a turnaround. We should wait and see whether BAL's SP survives as there would have been significant covering of the shorts 2day. ASX is a T+2 settlement market which makes it hideously difficult to short except perhaps over the weekend so BAL and A2M were never going to be slaughtered based on 2day's BAL ANN.
I said that A2M would go down and bounce straight back up. That applied to BAL but has not yet applied to A2M as A2M did not go down.
What happens in Launceston is not necessarily relevant to what happens in Newmarket.
Ready for BIG discount tomorrow, page-17
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Last
$5.27 |
Change
-0.055(1.03%) |
Mkt cap ! $3.801B | |||
| Open | High | Low | Value | Volume |
| $5.26 | $5.29 | $5.20 | $2.606M | 497.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 7335 | $5.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.27 | 5256 | 4 |
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| Last trade - 10.55am 07/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |