Another issue to consider are the ramifications of insiders selling into the US IPO. The comment about limiting the number of new shares being issued in order to not dilute shareholders is a bit cheeky given insiders unloading some of their exposure via what is effectively a secondary issue, never mind the whole SBC bonaza that will continue. It might explain some of today's pullback.
Also, it might just be a short term "sell the news" given the huge runup we've all experienced.
Overall the satellite opportunity for me is a big positive. Unshackling the tracking capability from celluar networks could lead to some meaningful industrial applications for their technology, in terms of both hardware and software.
Ann: ASX and Media Release - Q1 2024 Results, page-10
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add 360 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$16.37 |
Change
0.190(1.17%) |
Mkt cap ! $3.617B | |||
| Open | High | Low | Value | Volume |
| $16.18 | $16.47 | $15.89 | $8.280M | 508.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 574 | $16.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.40 | 14109 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| 360 (ASX) Chart |