@nashezz I agree with you. This selling is not mum and dads.
Wasn't the last CR to SOFs oversubscribed and the retail offer massive undersubscribed? a bit of a disconnect there.
Is it possible the SOFs/Funds were told this would be the last CR and that deals were just around the corner?
Now 9 months later we're faced with another highly discounted CR just before Tax loss selling.
Doesn't take a genius to work out one or more funds/SOFs may not be happy with how things have unfolded and are selling the heads for a tax loss. They still have options so still keep exposure to the ADO story.
For the record, I'm not downramping. Just being realistic.
I do plan to participate in the retail offer, even if the SP is circa 2c as I believe the free options offset the price difference
If by chance the retail offer is oversubscribed, I don't mind. I already have enough exposure to this company
@nashezz I agree with you. This selling is not mum and...
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Last
2.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $50.57M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.1¢ | $38.09K | 1.731M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1505316 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 676543 | 1 |
View Market Depth
| Last trade - 15.57pm 03/05/2024 (20 minute delay) ? |
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Last
2.2¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 2.2¢ | 2.3¢ | 2.2¢ | 764931 | ||
| Last updated 15.55pm 03/05/2024 ? | |||||
| ADO (ASX) Chart |