Whether exercising the options early or last day, good or bad, what is done is done, time to move forward. The market seems to like it based on the 5-day chart. We will have to see if the trend persists.
They have been touting this "received elevated levels finance interest" and "re-cycle the capital" story for a few months now. The market will be anticipating this and positioning.
Fact is the SP has retreated for the past six months and hopefully the bottom has been exposed. It kinda feels like the ocean water receding before the tsunami. The drawback typically means the water (SP) will rush back in much faster and higher than you expect once the tsunami hits.
Ann: Develop Receives A$11.55m from Directors Exercising Options, page-63
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Last
$2.17 |
Change
0.030(1.40%) |
Mkt cap ! $529.5M | |||
| Open | High | Low | Value | Volume |
| $2.13 | $2.17 | $2.10 | $1.514M | 707.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | $2.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.18 | 3552 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DVP (ASX) Chart |