Hey Sandy be cautious. When the market is jittery the big boys tend to take profit from the table.
My calculation shows the average entry price for Merrill Lynch 's clients is about 15.3c per share. So they are enjoying a healthy paper profit of around 80% at today closing price. Not too bad is it?
This is based on 85.5m share placement at 4c in 2004, 95.3m shares @ 15c in 2005 and 78.2m shares @ 28c in 2007. My calculation ignored the convertable bonds issued in 2006.
Just my thought.
average entry price
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Last
92.0¢ |
Change
0.020(2.22%) |
Mkt cap ! $209.8M | |||
| Open | High | Low | Value | Volume |
| 88.0¢ | 92.0¢ | 88.0¢ | $139.9K | 156.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55739 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 1270 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| NDO (ASX) Chart |