RPM 5.33% 7.1¢ rpm automotive group limited

To be fair boysy1 and I called it a month ago, this was going to...

  1. 886 Posts.
    lightbulb Created with Sketch. 13
    To be fair boysy1 and I called it a month ago, this was going to 0.4c from the day the announced the cap raise regardless of what world markets were doing you can't issue that many shares and think the price will hold up.

    NAV was lucky gold went ballistic so it's managed to stay up after the raise (for a couple of days anyhow)oils gone down and KIK aren't producing any anyway.

    I was suprised KIK held up above 0.4c as long as it did

    I have an investing rule that has served me well:
    If an announcement mentions cap raise & pattersons it's time to sell
 
watchlist Created with Sketch. Add RPM (ASX) to my watchlist
(20min delay)
Last
7.1¢
Change
-0.004(5.33%)
Mkt cap ! $17.91M
Open High Low Value Volume
7.4¢ 7.4¢ 7.1¢ $68.29K 960.0K

Buyers (Bids)

No. Vol. Price($)
1 105350 7.1¢
 

Sellers (Offers)

Price($) Vol. No.
7.4¢ 319988 2
View Market Depth
Last trade - 16.10pm 26/06/2024 (20 minute delay) ?
RPM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.