I'm not the one saying it will go below $2.50 after the issue closes. The magnet at $2.50 is due to the ability of people to buy at $2.50.
When the issue is out of date, I expect price should revert back to a similar pricing from before the rights issue, as the $2.50 magnet disappears and simultaneously disappearing is the doubt about the ability to raise the short term cash.
interesting, page-17
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Last
$3.03 |
Change
0.020(0.66%) |
Mkt cap ! $5.733B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $3.00 | $11.62M | 3.839M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16369 | $3.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.04 | 65068 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| IPL (ASX) Chart |