Even if DW had organised an off-market transfer, he is still required to disclose.
Fundamentals of the company hasn't really changed, what have changed are the following:
1. PNV entered ASX 200
2. DW sold 4.75 million (units) shares from 17 March 2023 to 22 March 2023
3. Aggregated shorts have increased 5 million (units) on 17 March 2023.
4. US Fed has increased another 0.25% interest rate
5. Russia-Ukraine conflict has no signs of stopping yet
IMO - shorts have dramatically increased on 17 March 2023, as they are taking advantage that people will be fearful upon DW's announcement of selling. IMO - market has over-reacted and a correction should follow.
We are now at roughly 10% discount of the last institutional placement price at 1.90 - which was heavily oversubscribed at that time - and after the placement, the SP had a great run to 2.7!
Given the high growth rates of the company and the current SP, I would be surprised the fund managers won't be buying in as the company has officially entered ASX 200.
All IMO of course - good luck and DYOR!
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Last
$2.49 |
Change
-0.100(3.86%) |
Mkt cap ! $1.785B |
Open | High | Low | Value | Volume |
$2.59 | $2.61 | $2.49 | $1.557M | 611.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 26024 | $2.49 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.50 | 13951 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 22584 | 2.490 |
24 | 102635 | 2.480 |
19 | 83236 | 2.470 |
13 | 35353 | 2.460 |
9 | 28759 | 2.450 |
Price($) | Vol. | No. |
---|---|---|
2.500 | 13863 | 21 |
2.510 | 38842 | 18 |
2.520 | 55549 | 18 |
2.530 | 57517 | 11 |
2.540 | 22433 | 13 |
Last trade - 13.43pm 03/10/2024 (20 minute delay) ? |
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