I am aligned with @Joelstar thinking on potential PNR corporate action.
Possibly your seeing Nebari and others ( have been several large trades recently) facilitate an initial holding for someone to make a bid … similar to Beacon (BCN) and Colin Petroulas helping Astral (AAR) recently get an early 19.9% platform in Maximus (MXR) to assist in a takeover bid.
They just provide the spark, the real upside for them comes from the hope of potential competitiveness among interested parties … I would suspect you will see Nebari eventually convert all their debt to shares ( the current premium being 40% today )
Interesting times.
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Last
$3.68 |
Change
-0.040(1.08%) |
Mkt cap ! $1.445B | |||
| Open | High | Low | Value | Volume |
| $3.70 | $3.75 | $3.62 | $4.705M | 1.278M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1458 | $3.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.70 | 5794 | 3 |
View Market Depth
| Last trade - 16.11pm 28/07/2025 (20 minute delay) ? |
| PNR (ASX) Chart |