Unfortunately Frankfurt mirrored ASX overnight, just over 10% down with comparatively high volume for the day (for Frankfurt, where not much VUL is ever traded!).
On the positive, daily reported shorts sharply declined on Monday, though - due to the lag - aggregate short reporting to 10 May still appears higher at 5.44% (and it’s not taking into account yet the add-in of the new shares on issue which occurred this week either).
Has anyone come across any updated broker/analyst research or detailed commentary post-equity raise a fortnight ago, or even post-DFS release a couple of months ago? It seems quite sparse and by now I would’ve expected to see more analyst updates and comments. Just trying to better understand what is driving this selldown from someone credible who is not an anon short/bear/pest posting here.
VUL Price at posting:
$4.19 Sentiment: Hold Disclosure: Held
