I think you have to understand it from the management point of view , they know who their long term shareholders who've not traded in and out , so they are better placing it with them knowing there will be minimal profit taking . even among the top 10 they were x3 over subscribed . Usually a company make it a broader offer when they get a higher market cap . having said that someone was selling into the bid yesterday so there might be a chance for cheaper shares in the next few weeks
I think you have to understand it from the management point of...
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.13M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.5¢ | $21.16K | 126.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 65879 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 9233 | 1 |
View Market Depth
| Last trade - 14.22pm 13/05/2024 (20 minute delay) ? |
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Last
16.5¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 17.0¢ | 17.0¢ | 16.5¢ | 24400 | ||
| Last updated 12.18pm 13/05/2024 ? | |||||
| ELT (ASX) Chart |