IMO, this morning's trade is a case in point. Share price has moved upwards on thin trade and as more sellers like the move it forces the price downwards. The price is moving upwards but the tight holdings need to trade more. I'm thinking the rebound will come with UBS etc (Last time, 26 Mar 2020 UBSGroup AG Ceasing to be a substantial holder) rebuilding its stake.
There is great value in this share but a locked up registry is like a crowded Japanese train station.
Price inefficiency with locked Registry, page-3
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 (20min delay)
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Last
$1.84 |
Change
0.025(1.38%) |
Mkt cap ! $901.7M | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.86 | $1.81 | $249.5K | 135.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 550 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.86 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
| NGI (ASX) Chart |