KDY 0.00% 2.7¢ kaddy limited

all depends on how long it takes to place the newly issued...

  1. 402 Posts.
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    all depends on how long it takes to place the newly issued shares and the news that follows.

    with the placement heavily oversubscribed, many will look to purchase at as close to 2.5c as possible with the funds which were refunded back to them. this could mean SP hovers around the high 2's for a bit.

    after the placement though, a single piece of good news will kick start the FOMO and we'll be back into high 3s or beyond (depending on the nature of the news and updates about B2B).

    If we have good news before placement closes, we'll only see it become decreasingly more and more oversubscribed and we'll all end up with.

    Long story short - I believe we'll witness a steady decline into high 2's until news is released that triggers FOMO.
    Last edited by KindredDJ: 10/08/20
 
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