I believe the cash payment is for ineligible foreign shareholders only. Seems as though the alloted LOT shares to these ineligible holders will be sold by a Sale Agent on market, presumably once the scheme of arrangement has been completed. So there will be some selling pressure post implementation, IMO I doubt very much the share price at the moment is being manipulated because of this.
I believe the cash payment is for ineligible foreign...
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Last
46.0¢ |
Change
-0.015(3.16%) |
Mkt cap ! $842.3M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 47.0¢ | 45.5¢ | $1.128M | 2.448M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 141546 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 209413 | 4 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
45.8¢ |
Change
-0.015 ( 2.74 %) |
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| Open | High | Low | Volume | ||
| 46.5¢ | 46.8¢ | 45.5¢ | 1237213 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| LOT (ASX) Chart |