Very soon we are looking at 300M new shares purchased at 36c. Depending on when the record date will be, this means that after the record date, you could sell 1/7 of your holding knowing you are getting it all back again at 36c. There is potential for a lot of profit taking. In the past during capital raises the PLS SP has always gone either side of the Issue Price of newly issued shares by more than 10-15%. This would put the trading range between 31-41 in the weeks prior to and following the issue of new Shares. If you can sell now and buy back 36c. That aint a bad strategy for those without extra funds to buy 1/7 of their current holding.
Good News & Bad News, page-7634
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Last
$2.91 |
Change
-0.090(3.00%) |
Mkt cap ! $8.761B | |||
| Open | High | Low | Value | Volume |
| $2.99 | $2.99 | $2.90 | $69.17M | 23.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 68954 | $2.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.92 | 1712 | 1 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |