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
$4.15 |
Change
0.000(0.00%) |
Mkt cap ! $2.193B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 33000 | $4.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.95 | 391 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 14092 | 4.160 |
12 | 12385 | 4.150 |
8 | 7906 | 4.140 |
11 | 12913 | 4.130 |
10 | 12106 | 4.120 |
Price($) | Vol. | No. |
---|---|---|
4.180 | 1683 | 7 |
4.190 | 6128 | 7 |
4.200 | 17983 | 8 |
4.210 | 9211 | 7 |
4.220 | 2747 | 2 |
Last trade - 09.53am 17/06/2024 (20 minute delay) ? |
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Last
$4.15 |
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Change
0.000 ( 0.07 %) |
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Open | High | Low | Volume | ||
$4.18 | $4.18 | $4.14 | 53370 | ||
Last updated 10.13am 17/06/2024 ? |
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DRR (ASX) Chart |
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