From the announcement on 24 February:
CBI has notified PCSIL that it is ‘minded to issue a direction’ that growth in total
payment volumes for the period 31 March 2023 to 30 March 2024 be restricted to
nil% above annualised baseline volumes in the year January to December 2022. This
would be a change from the previous 10% growth restriction imposed until 8
December 2023 and communicated to the market on 10 November 2022. The CBI
has not yet made that direction and has provided PCSIL with an opportunity to
provide it with submissions by 10 March 2023 for its consideration.
So this indicates the CBI wasn't happy with the subsequent submission from EML and as a result has proceeded to issue a direction of nil growth as opposed to 10% growth cap and the stock goes up 35% on negative news lol.
I am happy but I think this will be sold down over the next couple of days.
From the announcement on 24 February:CBI has notified PCSIL that...
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Last
$1.04 |
Change
0.015(1.47%) |
Mkt cap ! $388.0M | |||
| Open | High | Low | Value | Volume |
| $1.02 | $1.04 | $1.01 | $1.252M | 1.225M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 28430 | 3 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$1.04 |
Change
0.015 ( 1.75 %) |
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| Open | High | Low | Volume | ||
| $1.02 | $1.04 | $1.01 | 92597 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| EML (ASX) Chart |