Winner
This is no down ramp. That is my opinion. The share price will fall down towards 75 cents once share holders start receiving their issue entitlements. Some share holders will be selling to pay for the issue, others will be buying via the trade able right because it will be cheaper. Very few will be buying on market hence simple supply/demand rules will mean the price will fall.
This is the trading pattern of a re-nounceable rights issue. This will happen in 90% of cases. Maybe IFE will be in the 10% but I doubt it
IFE is a bad investment because the risks are very high and their is no reward to invest now. The price is going lower and will trade at 80 cents or below for a long time.
Their is plenty of time to buy later if and when the risks are reduced
perspective, page-17
Add TYX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.8¢ |
Change
0.001(14.3%) |
Mkt cap ! $26.30M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $5.888K | 742.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2457142 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 4204815 | 9 |
View Market Depth
| Last trade - 15.43pm 10/07/2024 (20 minute delay) ? |
| TYX (ASX) Chart |