you can make money if a share price drops.........in numerous ways. Including making bets with true believers. I am a holder again now I just don't change the sentiment each time I switch teams.
I am really into the stock, I could tell you a lot about it. I am surprised there hasn't been more discussion around the CR. trading halt on March 23. the absolute bottom of the market. if they had of waited a few days and halted during the huge swing up after the low, they could of raised their $169 mil for 20c not 9c. your 50c would be a market cap of 850mil and well within reach with some positive earnings guidance. but thats more like 32c now.
I cant work out who benefitted from that decision apart from the CEO who tripled his shares @9c. Oil Search was $1.80 on March 23 and went into a trading halt 9 trading days later at $2.70. All the businesses that halted and raised on that day have recovered slower than their peers who halted after a swing or two up, the result for SXL was 1about a billion more shares than needed to be issued to raise 169 million dollars.....that can never be undone
If the Dow finishes where the futures are now (500+) we might see 0.215 tomorrow....go SXL! Sorry, Thats going to make you grumpy isn't it.
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Last
46.5¢ |
Change
-0.010(2.11%) |
Mkt cap ! $111.5M |
Open | High | Low | Value | Volume |
47.5¢ | 48.0¢ | 46.5¢ | $244.8K | 520.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8276 | 46.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.5¢ | 11692 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8276 | 0.465 |
4 | 43233 | 0.460 |
2 | 41975 | 0.455 |
10 | 136835 | 0.450 |
2 | 22225 | 0.445 |
Price($) | Vol. | No. |
---|---|---|
0.475 | 11692 | 1 |
0.485 | 51903 | 2 |
0.490 | 6431 | 2 |
0.495 | 50667 | 2 |
0.500 | 22000 | 2 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
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SXL (ASX) Chart |