IDT 4.76% 10.0¢ idt australia limited

Ann: Becoming a substantial holder, page-40

  1. 95 Posts.
    lightbulb Created with Sketch. 12
    I just noticed they borrowed these stocks on 19,22,23... The 22nd and 33rd I understand, price to drive down below 44c and 39c is perfectly reasonable, but how the hell are they going to profits from 19th shorts?? They need to drive the proce below 28 cents and to me this seems impossible unless idt fails the covid vac production. Perhaps the further borrowings on 22 and 23 was to cover the loss for the 19th borrowings... Looking at the borrowings the cap on 45 and 48 makes perfect sense. If it goes above 50 they would f* themselves really hard.


    On the side note though, as someone else had mentioned in the ead, they do own equal number of shares themselves, they could've simply borrowed for hedging purposes + short-term shorting profit around 15%>>

    idk i may just be too optimistic because I own the stock
 
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Last
10.0¢
Change
-0.005(4.76%)
Mkt cap ! $35.14M
Open High Low Value Volume
10.5¢ 10.5¢ 10.0¢ $18.16K 174.6K

Buyers (Bids)

No. Vol. Price($)
3 1012502 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 153172 5
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Last trade - 12.03pm 26/06/2024 (20 minute delay) ?
IDT (ASX) Chart
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