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$2.10 nearmap ltd

Ann: Capital raising to accelerate growth opportunities, page-74

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austted

1,096 Posts.

103

12/09/20

08:22

Post #: 47286044
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Originally posted by Gillysrooms: ↑

There is not way institutions could have purchased that quantity at $2.50 per share. they would have needed to pay up to 4 but would not want to yet, so even if sp does drop they can buy more on way down which is possible later this year. The institutions were lucky NEA needed more working capital otherwise they would have has to wait on spec price dropped.. now they dont need to buy anymore for awhile, so I expect sp to languish and maybe lower

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Gillys maybe you are being a bit pessimistic here. No reason why the instos could not buy a few more. If in their view they were a good buy at $2.77 why pick some more up at a discount. Those hoping to pick them up at current prices in the SPP may be in for a surprise if the SP flicks back over $2.77 in the next week or so.

NEA Price at posting: $2.46 Sentiment: Buy Disclosure: Held
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0 Great analysis

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