Hi Mate,
Thats really above my pay grade haha.. IMO someone is happy with the price down around these levels. Like I mentioned above thee have been a few top Holders taking a little cash on top of HSBC/Citicorp (6.5mil in the last month). Not really enough to justify the volume that has gone though in the same time frame.
Maybe one of your theories is right... Maybe the the price is being held lower by a company they are in negotiations with to acquire (lower price = more shares if that’s part of the sale) or maybe the company is valued
right where we are currently and people are taking their profits and moving on..
Time will tell my mate... I’m sure we will both be here
to ride this out haha
Cheers
ALC Chart, page-4720
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Last
5.4¢ |
Change
-0.001(1.82%) |
Mkt cap ! $72.49M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.6¢ | 5.4¢ | $29.43K | 527.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1276086 | 5.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 41071 | 1 |
View Market Depth
| Last trade - 15.46pm 22/07/2024 (20 minute delay) ? |
| ALC (ASX) Chart |