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The offer is withdrawn, the underlying valuation metrics did not support $3.00 and so its falls to fair / market value.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
90.3¢ |
Change
0.018(1.98%) |
Mkt cap ! $2.176B | |||
| Open | High | Low | Value | Volume |
| 89.5¢ | 91.5¢ | 87.5¢ | $7.621M | 8.506M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 191488 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.5¢ | 131037 | 13 |
View Market Depth
| Last trade - 14.45pm 07/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |