There is this cliched quote about the stockmarket being about the transfer of wealth from the impatient to the patient and I think that this truly applies in this instance.
Stock issues also tend to have a negative impact on the SP initially because of the dilution they cause. Maybe forces are at work to push the issue price down? I don't know much about the issue to be honest, has an issue price been set or will it be based on the average value over a coming trading week?
a bigger picture, page-15
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Last
$3.46 |
Change
-0.040(1.14%) |
Mkt cap ! $241.0M | |||
| Open | High | Low | Value | Volume |
| $3.45 | $3.50 | $3.42 | $145.7K | 42.09K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 293 | $3.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.47 | 150 | 1 |
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| Last trade - 11.41am 24/07/2024 (20 minute delay) ? |
| DSE (ASX) Chart |