It got extended by 2 weeks!!!
I sent the cheque...
I mean i see the price as interesting .. why???
coz u do not know the price of the SPP UNTIL the LAST 5 DAYs of trading IMMEDIATELY before the shares are issued.
SO if the shares are issued on a Monday.... the SPP price will be determined on the 5 day avg the week before...
Why I find it interesting??? Coz providing the Share price remains flat on say the first 4 days.. (mon - Thurs).. then the AVERGE price will be quiet nice!! As the SPP price will be the averge of the 5 days LESS 20%..
So even if the stock price DROPS by 20% on Friday... u will still break even (and when compared to 5 days...a 20% fall on a friday will equal to around 10% for the week) remebering its the 5 day average.
The stock has to crash 25% at the very least...to then not make any money on the Spp play!!
Im looking at an issue price of around 8c for the SPP.
Last trade: 10c
NEgatives?? F*** all volume though :(
So if that means I need to sell for a 10% profit (instead of 20%) then I will. Profit still a profit :)
Hope this is of assistance,
Regards
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Last
11.0¢ |
Change
-0.008(6.38%) |
Mkt cap ! $6.991M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.0¢ | $52.73K | 465.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 53645 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 8870 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 53645 | 0.105 |
2 | 66900 | 0.095 |
1 | 25000 | 0.093 |
1 | 10000 | 0.092 |
1 | 50305 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 8870 | 1 |
0.125 | 152714 | 3 |
0.130 | 29008 | 2 |
0.135 | 53846 | 1 |
0.150 | 3600 | 1 |
Last trade - 14.08pm 29/07/2024 (20 minute delay) ? |
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