"SP is up a bit because RBA has begun raising"
Let's have a look at some market stats.
SWF's SP closed last Friday at $0.22.On Monday, the SP opened at $0.22 and closed at $0.215.
On Tuesday, the SP opened at $0.215 and closed at $0.22 after the RBA released its rate rise announcement.
On Wednesday, the SP opened at $0.225 and closed at $0.22.
On Thursday, the SP opened at $0.22. Datt released its statement. The SP closed at $0.25, a rise of three cents, or 13.64%.
Despite a large market-wide fall on Friday (XJO fell more than 2%), SWF's SP closed again at $0.25.
Of course, anybody can claim whatever they like as being the cause of anything. Everybody is entitled to have their own opinions, e.g. the three cent rise could easily have been due to the weather. Whatever people's individual opinions may be, the data shows unambiguously that there is a precise correlation between the release of Datt's statement and the rise of three cents. It is possible that there was a two-day delay before SWF's SP reacted to the RBA announcement, although this would contrast sharply with the XJO falling half a percent within seconds of the RBA announcement. Markets generally react quickly to any news.
People can look at the data and draw their own conclusions.
- Forums
- ASX - By Stock
- SWF
- Ann: Datt Capital Statement to Members
Ann: Datt Capital Statement to Members, page-38
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
Add SWF (ASX) to my watchlist
|
|||||
Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $27.86M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 12.0¢ | $425 | 3.538K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 135811 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 8860 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 135811 | 0.120 |
1 | 30000 | 0.115 |
2 | 200250 | 0.110 |
5 | 203000 | 0.105 |
4 | 210002 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 8860 | 1 |
0.130 | 50853 | 5 |
0.135 | 215220 | 10 |
0.140 | 197278 | 5 |
0.145 | 177500 | 4 |
Last trade - 13.00pm 02/08/2024 (20 minute delay) ? |
Featured News
SWF (ASX) Chart |