Everyone expecting a drop to 80c need to consider the reality.
The reality is the big institutions were happy to buy in en masse at 103c, fully underwritten.
Whilst the stock market can be irrational, and anything is certainly possible, I don’t expect the share price to be at this levels for long.
Instos only buy in when they expect their money to grow.
Ann: A$100m Institutional Placement, page-205
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.3¢ | $1.220M | 10.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 110 | 6252092 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 695532 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |