No - we have an institutional buyer keeping a lid on prices. The number of shorts in the last three months has tripled. Whoever it is, is accumulating shares as cheaply as they can - knowing that this past 6-12 months is the largest revenue/profit that OBL has had for a long time, plus the transition to a funds model will provide sizeable and more consistent cashflows. Goldman Sach's are currently estimating ~$0.40 dividend a share in FY23. Not a bad return for whomever is keeping a lid on prices.
What the, page-6
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Last
$1.14 |
Change
0.030(2.70%) |
Mkt cap ! $317.9M | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.15 | $1.11 | $183.1K | 160.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 7314 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 20859 | 7 |
View Market Depth
| Last trade - 13.43pm 01/10/2024 (20 minute delay) ? |
| OBL (ASX) Chart |