It wasn't a new listing rather a demerger from ILU.
So note each existing ILU holder received a DRR share and they have been trading on a deferred basis until today.
The market will therefore take some time to work out what the value of each is on a stand alone basis (& whether they want to invest in one or both on a stand alone basis).
There are also some big institutional & long/short investors that will be working through this.
Then when you take on general negative market movements and events since then an ILU/DRR $5/$4 split isn't glaringly strange to me.
If you're new to this stock make sure you do a lot of research on the stock and recent trading before acting IMHO.
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Last
$4.14 |
Change
-0.030(0.72%) |
Mkt cap ! $2.188B |
Open | High | Low | Value | Volume |
$4.20 | $4.21 | $4.12 | $8.456M | 2.039M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11652 | $4.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.15 | 41700 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1182 | 4.130 |
6 | 13202 | 4.120 |
1 | 1402 | 4.110 |
8 | 12312 | 4.100 |
3 | 3257 | 4.090 |
Price($) | Vol. | No. |
---|---|---|
4.160 | 1402 | 1 |
4.170 | 1402 | 1 |
4.180 | 1902 | 2 |
4.190 | 1402 | 1 |
4.200 | 2421 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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DRR (ASX) Chart |