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
$3.66 |
Change
-0.120(3.17%) |
Mkt cap ! $1.439B | |||
| Open | High | Low | Value | Volume |
| $3.71 | $3.71 | $3.63 | $2.273M | 619.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1367 | $4.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.40 | 2896 | 1 |
View Market Depth
| Last trade - 15.59pm 31/07/2025 (20 minute delay) ? |
| PNR (ASX) Chart |