AVA 4.35% 11.0¢ ava risk group limited

Ann: Annual General Meeting Addresses and Presentation, page-24

  1. 1,947 Posts.
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    Buying side is being sold into at will. At the same time, sell orders just keep on stacking up. For what is meant to be a 'tightly' held stock, particularly among the top 20, it's hard to make sense of what's been driving this trading pattern.

    The only things I can think of, are: we're meant to be learning about the work schedule for tranche 2 of the India deal this month - perhaps the market has concerns that it might be delayed, or re-scheduled altogether. Alternatively, the market might have some doubts over working capital to commence the 5 year lock order (if in fact received), since receipts would flow through later with a lag.

    Mmmmh, still very tempted to top up, but I'm somewhat skeptical when there is a 'wall' put up on an even number bid like 10c, especially with one large order accounting for the majority of it. Looks to also be a fairly significant threshold from a technical perspective (triple bottom?), so a bounce from here is pretty crucial in the short term.
    Last edited by Nomadic_Investor: 14/11/19
 
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11.0¢
Change
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11.0¢ 11.0¢ 11.0¢ $1.954K 17.76K

Buyers (Bids)

No. Vol. Price($)
9 181934 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 1587 1
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