The drop thus far isnt just due to the partnership rumour IMO. (Look at where SP was 26c @ Jan this year). A genuine Sarepta deal would inflate our SP far above 35c
Management decision to give existing shareholders (including instos) a second bite of the cherry with a future dated entitlement. Possibility of third top up for instos if retail opts out just incentivises instos to sell to keep the price below fair value of options + 0.24 rights issue
All just amplified the usual games of CR time and i think a poor decision at best in hindsight..
Hopefully things pick up quickly once the dust settles
The drop thus far isnt just due to the partnership rumour IMO....
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $94.66M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.0¢ | $108.3K | 1.019M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2248645 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 716994 | 6 |
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| Last trade - 15.09pm 10/10/2024 (20 minute delay) ? |
| PER (ASX) Chart |