Yep and they will, they will end up the buyers when there is little to no other buyers around.
When this gets kicked out of the 200/300 index most will be covering around then as I'd say a lot of the borrow has come from funds that have been mandated to hold the stock due to index inclusion. Those funds will recall the stock from borrowers as they will need to sell due to PNV getting punted from the index's.
it's just that there won't be anyone else around buying - apart from some retailers on HC.
Anyway like I said, I think you are near the bottom here in any event.
It just got way over valued and growth was not staying at the pace it was off the low base. There are also more expenses such as sales staff creeping in that are impacting margins. Its as simple as that.
Ann: 1H FY22 Results Presentation, page-266
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Last
$2.58 |
Change
0.020(0.78%) |
Mkt cap ! $1.780B | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.63 | $2.56 | $2.465M | 952.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10700 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.58 | 24502 | 5 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PNV (ASX) Chart |