Historically it always drops to the CR price. It happened with the previous SPP when it went down from $1.10 to 80c (78c low).
I didn't bother participating in the SPP and sending my funds to have them allocated. as I knew it was gonna drop to that level. Same thing is happening today.
Eventually, it'll pick back up again (as it did previously) but Droneshield needs the sales to do so. 81% of holders currently are retail, so we are gonna see a major shift soon as majority of them have been wiped out from $2.70 to now.
Looks like retail who missed out are jumping in on this. Just saw a 215k order for $1.15.
Ann: Successful Completion of $120m Underwritten Placement, page-15
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 (20min delay)
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Last
79.5¢ |
Change
-0.015(1.85%) |
Mkt cap ! $693.3M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 82.0¢ | 79.0¢ | $4.931M | 6.141M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 182197 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 205000 | 6 |
View Market Depth
| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| DRO (ASX) Chart |