A few people don’t understand shorting here.
One of its key purposes is to ensure asset values do not get out of hand, which often leads to bubbles.
LTR is a brilliant example of that.
Receives a takeover offer at $3.00
The offer is withdrawn, the underlying valuation metrics did not support $3.00 and so its falls to fair / market value.
There were plenty of people calling $3.00+ valuations before the TO offer. If the SP had been allowed to be pumped un hindered with no shorters calling BS, then at some point a lot of people would have lost a lot of money with the subsequent drop when the market catches on the valuation is nonsense.
New TA/Charting, page-14683
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Last
93.0¢ |
Change
0.030(3.33%) |
Mkt cap ! $2.218B |
Open | High | Low | Value | Volume |
87.0¢ | 94.0¢ | 83.5¢ | $48.46M | 54.87M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 1009895 | 93.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
93.5¢ | 149856 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 33324 | 1.050 |
1 | 1912 | 1.030 |
1 | 570 | 1.015 |
1 | 7726 | 1.010 |
7 | 423389 | 0.990 |
Price($) | Vol. | No. |
---|---|---|
0.850 | 289328 | 4 |
0.870 | 19661 | 3 |
0.885 | 70079 | 1 |
0.890 | 328453 | 13 |
0.895 | 666092 | 17 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
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LTR (ASX) Chart |