Madamswer's prescient post points to the immediate future of ORA's SP.
https://hotcopper.com.au/posts/69827293/singles
Raising $1.345m was a big ask. Only 39% of retail entitlements, including the +50% excess entitlements, were taken up. This follows tepid interest in the institutional offer. Underwriters are now holding a giant pile of unwanted stock they will need to promptly trade out of.
In a word, indigestion. The supply of stock V demand had blown out the wazoo.
The ORA business is sound, the acquisition coherent and logical. Watching with interest.
Ash
Ann: ORA - Completion of Retail Entitlement Offer, page-2
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Last
$1.93 |
Change
-0.040(2.04%) |
Mkt cap ! $2.586B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.95 | $1.91 | $23.85M | 12.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 306846 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 6635 | 1 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| ORA (ASX) Chart |