I have been using margin landing since 90's so I know a little bit about it.
40m shares at 8.3c is $3.3m
Pretty much all standard margin lenders (available to the mere mortals) would not give you anything on MAY (big fat zero), it simply too risky for margin lenders.
I am happy to be corrected if you can find MAY being offered as accepted security by St George ML, Commsec ML, Macquarie ML etc.
I think, AP would be very lucky if he got 20% lending on MAY - that means $660k
If he spent $100k out of this credit limit and then he had other expenses (as we all do) then it's pretty much a decent spend. Having such a large holding, he does not need to add to it, unless he thinks it's a steal.
I do think it sends a very healthy signal that he thinks the share price is a joke at the moment.
I, for one, totally agree with this assessment. Let's see in 12 months but I am pretty sure we will not be at 6c or below. 20-30c is very much likely within 12 months.
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Last
3.1¢ |
Change
0.012(63.2%) |
Mkt cap ! $104.4M |
Open | High | Low | Value | Volume |
2.3¢ | 3.4¢ | 2.3¢ | $1.812M | 63.27M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 579 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 865000 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1136985 | 0.030 |
12 | 2246535 | 0.029 |
12 | 2255286 | 0.028 |
8 | 1221297 | 0.027 |
3 | 1074917 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 708482 | 3 |
0.032 | 865000 | 6 |
0.033 | 780217 | 5 |
0.034 | 1029978 | 14 |
0.035 | 1940823 | 8 |
Last trade - 15.42pm 11/09/2024 (20 minute delay) ? |
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MAY (ASX) Chart |