Once those shares come online the law of averages says that some people will sell to lock in a bit of profit. However my gut feeling is that most who buy will either be in it for the long term and will just hold their allocation, or won’t have got enough allocation to make it really worth their while to flip them for a quick buck. Will also depend how the SP tracks between now and the end of the month.
Based on nothing other than instinct I reckon it will dip to mid-20s and then gradually build back up from there over the following months.
Ann: SPP and Options Prospectus, page-78
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Last
40.5¢ |
Change
0.030(8.00%) |
Mkt cap ! $225.7M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 40.5¢ | 37.0¢ | $637.2K | 1.624M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16500 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 169113 | 4 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| DXB (ASX) Chart |