Given that SPP is 1:33 pro rata, selling newly issued shares on market will make no meaningful amount of profit. Unless of course you hold a huge amount of shares.
Looks like there is carefully accumulation or distribution going on a Slick mentioned earlier. When this is complete I see an upward move underpinned by results, catalyst, value.
CU6 - ASX Charts, page-301
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Last
$7.09 |
Change
0.100(1.43%) |
Mkt cap ! $2.248B | |||
| Open | High | Low | Value | Volume |
| $7.10 | $7.21 | $7.06 | $1.043M | 146.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 5635 | $7.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.09 | 780 | 3 |
View Market Depth
| Last trade - 11.01am 28/08/2024 (20 minute delay) ? |
| CU6 (ASX) Chart |