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
$1.97 |
Change
-0.010(0.51%) |
Mkt cap ! $2.646B | |||
| Open | High | Low | Value | Volume |
| $1.99 | $2.00 | $1.96 | $17.09M | 8.654M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 193147 | $1.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 116472 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ORA (ASX) Chart |