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0.09%

$11.18 tpc consolidated limited

Oops I meant $3.54, not $3.57...

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morley

1,540 Posts.

5

05/01/22

12:44

Post #: 58654226
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Originally posted by morley: ↑

This stock seems interesting, but it looks to me as if someone is playing games to try and use the lack of liquidity to tempt buyers to up their bids...

I bought just a few (I find this is the only way I really bother to follow a stock for any length of time!) and noticed that the seller initially just gave me 4 shares at $3.28. Since I didn't bother to step up to get the rest, eventually my small order got filled over 4 or 5 days in some slightly larger chunks. Now I see them sell 4 shares to the next guy down at $3.27, then someone buys up just 116 to move the price up 3 price levels to $3.57.

The price action all just looks a little too manufactured for my comfort.

I like the progress they've made as a business (especially since Steven Goodarzi got involved, I think?) and the reviews for CovaU seem to suggest they're doing things right, but they are quite dependent on the wholesale electricity prices for the level of profit and while their derivative strategy could settle the volatility, it could go both ways. Not enough clues in the last update, so I think I'll just sit on these for a bit and see how it plays.

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Oops I meant $3.54, not $3.57...

TPC Price at posting: $3.54 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $11.18		Change 0.010(0.09%)		Mkt cap ! $126.8M

Open	High	Low	Value	Volume
$11.19	$11.25	$11.18	$7.882K	705

Buyers (Bids)

No.	Vol.	Price($)
1	689	$11.18

Sellers (Offers)

Price($)	Vol.	No.
$11.32	2	1

View Market Depth

No.	Vol.	Price($)
1	689	11.180
1	4999	11.170
1	591	11.150
1	2500	11.100
1	1000	11.080

Price($)	Vol.	No.
11.320	2	1
11.420	322	1
11.480	3150	1
11.490	1616	1
11.500	1531	1

Last trade - 16.10pm 23/05/2024 (20 minute delay)


Last $11.24			Change 0.010 ( 0.09 %)
Open	High		Low	Volume
$11.24	$11.24		$11.24	7
Last updated 15.35pm 23/05/2024 ?

TPC (ASX) Chart