Still a chance to find new insto's that didn;t hold any shares, but anyone with even 1 share was able to bid for as many shares as they liked for any undersubscription top-up. The clean way to play this with a positive market signal was for Bruce to ensure any insto that was interested to hold at least some shares and apply for more than their 1:14 rights and top them up yesterday as part of the initial entitlement offer results... simple, clean and would have made the offer look well bid because the market wouldn;t know who didn;t apply and what shares were issued as over-subs.
In this heavily falling market since the CR was announced, the rights and under-subs excess was always going to hard to fill at 50c. I bought more than my rights on-market to the level I wanted just to be sure then left my rights un-subscribed as I'm sure others did. Regardless of 'value' at 50c, in a shite market 50c CR price becomes resistance not support imo. Bless @Franpower and his rose-coloured glasses, but that last post yesterday always looked like a smoking gun haha.
GLTAH
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Last
31.0¢ |
Change
0.015(5.08%) |
Mkt cap ! $122.3M |
Open | High | Low | Value | Volume |
29.5¢ | 31.0¢ | 29.5¢ | $8.593K | 28.13K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 44820 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.5¢ | 1500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 44820 | 0.305 |
1 | 48000 | 0.300 |
1 | 2368 | 0.285 |
3 | 14560 | 0.280 |
1 | 50000 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 1500 | 1 |
0.320 | 3599 | 1 |
0.330 | 16000 | 1 |
0.340 | 44830 | 2 |
0.345 | 13128 | 1 |
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