it's a two sided equation. Presumably there is an issue in demand as without the bid at $2.70 buying support drops significantly. However, on the other hand if you were going to sell surely you would do it now. So there may be very limited selling pressure as why sell for less than $2.70 when you have sold as much as you wanted for that at any time in the last month. So it is hard to say exactly what will occur for certain.
Given the lack of good news I doubt there will be a rush of people trying to buy in. The question really is what will the market reaction be to whatever Allens does next, or to the amount of share they have picked up.
Interesting Wed morning tomorrow for sure.
TRS price after today, page-4
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Last
$3.25 |
Change
0.120(3.83%) |
Mkt cap ! $121.1M | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.25 | $3.13 | $76.43K | 23.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 931 | $3.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.25 | 1145 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| TRS (ASX) Chart |