locally and statistically the 7BB avail to auction is a big headwind the BNY suggests not so much when market makers are involved, the market will pay what the (blue sky) perception is not what the value is
the price punters are prepared to fork out for is not manipulation its just business the science is for a globally small market but, here's an interesting kicker we havent tapped into the aspect of Parkinsonisms, well, we have but it's mouse to elephant and my 'guess' is a lot of chatter in the US is going on based on the BNY moves
we used to see this lift in local SH % as a step-into the local index but i think this is about the science and width of probabilities of application keepin in mind that in the US market the horrendous scrip to book ratio is pure comedy but again punters buy the perception
many here are into the religion when what they bought is an aspect of business a liquidity turnover
expect possible consolidation (less scrip = appearance of better value ....more comedy)
ATH Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)