Even if DW had organised an off-market transfer, he is still required to disclose.
Fundamentals of the company hasn't really changed, what have changed are the following:
1. PNV entered ASX 200
2. DW sold 4.75 million (units) shares from 17 March 2023 to 22 March 2023
3. Aggregated shorts have increased 5 million (units) on 17 March 2023.
4. US Fed has increased another 0.25% interest rate
5. Russia-Ukraine conflict has no signs of stopping yet
IMO - shorts have dramatically increased on 17 March 2023, as they are taking advantage that people will be fearful upon DW's announcement of selling. IMO - market has over-reacted and a correction should follow.
We are now at roughly 10% discount of the last institutional placement price at 1.90 - which was heavily oversubscribed at that time - and after the placement, the SP had a great run to 2.7!
Given the high growth rates of the company and the current SP, I would be surprised the fund managers won't be buying in as the company has officially entered ASX 200.
All IMO of course - good luck and DYOR!
Even if DW had organised an off-market transfer, he is still...
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Last
$2.52 |
Change
-0.070(2.70%) |
Mkt cap ! $1.719B | |||
| Open | High | Low | Value | Volume |
| $2.59 | $2.61 | $2.47 | $2.905M | 1.147M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 17064 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.53 | 36391 | 15 |
View Market Depth
| Last trade - 15.58pm 03/10/2024 (20 minute delay) ? |
| PNV (ASX) Chart |