LPD 16.7% 0.3¢ lepidico ltd

I discussed the arbitrage opportunity a couple of weeks ago, but...

  1. 864 Posts.
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    I discussed the arbitrage opportunity a couple of weeks ago, but the volume is very low (56.5k traded over the past 3 days). I don't know if @springinhetveld has bought all that volume, but it doesn't look like it's going to result in an early retirement.

    When I discussed volume selling by ex-DLI SHs, @astavrou1 (and existing DLI SH) replied that most sellers exited as the SP fell over the past year. Her/his opinion was that the remainers were people who wanted to own the company, rather than traders.

    My independent analysis also supports the hypothesis that remaining SHs are most likely to be long-term holders, so the pressure might not be as high as you speculate. Notwithstanding, there is still a small arbitrage opportunity.
 
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Last
0.3¢
Change
-0.001(16.7%)
Mkt cap ! $17.17M
Open High Low Value Volume
0.3¢ 0.3¢ 0.2¢ $104.8K 41.76M

Buyers (Bids)

No. Vol. Price($)
203 249438051 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 48598286 30
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Last trade - 15.24pm 15/05/2024 (20 minute delay) ?
Last
0.3¢
  Change
-0.001 ( 0.00 %)
Open High Low Volume
0.3¢ 0.3¢ 0.2¢ 4077517
Last updated 15.24pm 15/05/2024 ?
LPD (ASX) Chart
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