Yeah, it's a good question. There's a couple of small-time news items on a news search, none of them really that big an item that you'd expect to really affect price.
Possibly its a combination of Tribeca backing off on the buying now that they are substantial, or of others being disappointed by the new substantial owner (who had lifted volumes and prices for a month or so, IMO) not being from a group who would attempt a TO offer.
It's been a good run here for a little while, so possibly just a downgrade on relative value. Plenty of small brokers/Reseach-houses out there that might not get much publicity outside their Client set.
Ann: Becoming a substantial holder, page-4
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Last
$1.31 |
Change
0.025(1.95%) |
Mkt cap ! $510.4M | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.31 | $1.29 | $2.246M | 1.730M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9056 | $1.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 11180 | 2 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| MVF (ASX) Chart |