in the AGM update it says “Limelight contribution to services lower than initial management expectations”.
not a great look to raise money for an acquisition that walks straight into a downgrade.
selling could be a fund which took placement stock. Took at $4.26 and can get out without much damage, and considering what they raised money for is underperforming it’s not the best optics.
personally I’m comfortable medium term but I’d be wanting to make sure they haven’t bought a lemon before buying more.
in the AGM update it says “Limelight contribution to services...
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Last
$1.60 |
Change
0.000(0.00%) |
Mkt cap ! $539.6M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.66 | $1.57 | $309.7K | 195.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7811 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 505 | 1 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$1.60 |
Change
0.000 ( 0.16 %) |
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| Open | High | Low | Volume | ||
| $1.63 | $1.63 | $1.56 | 24392 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| FCL (ASX) Chart |