I think you’re right. I have a feeling the buy side has been propping the share price for a number of weeks. The more 24 cent “Foreign” shares were sold the less the underwriters have to cough up.
if those “buyers” fall away I can see 22 cents or less until the gas pipeline issue is resolved. Been 18 months or more so far I would guess. Hope I’m wrong.
Ann: Entitlement Offer Presentation, page-96
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Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $677.8M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 23.0¢ | $37.08K | 158.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 201591 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 242874 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
23.5¢ |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 23.8¢ | 24.0¢ | 23.0¢ | 101858 | ||
| Last updated 15.57pm 03/05/2024 ? | |||||
| BCI (ASX) Chart |