I'm just postulating - there could be several reasons - judging by the vastness of shares on sale it is likely a fund who has to sell once there is no dividend as per their rules (which is most likely the case)
The selling pattern is hitting bids the moment they appear - the seller just wants out (doesn't care for any acquisition offer or the value of the company which is now stupidly low)
Ann: Financial Results for the Half Year ended 30 June 2023, page-44
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Last
68.5¢ |
Change
-0.015(2.14%) |
Mkt cap ! $44.73M | |||
| Open | High | Low | Value | Volume |
| 69.0¢ | 69.0¢ | 67.5¢ | $23.81K | 34.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10999 | 67.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 69.0¢ | 25567 | 2 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
68.0¢ |
Change
-0.015 ( 0.73 %) |
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| Open | High | Low | Volume | ||
| 69.0¢ | 69.0¢ | 67.5¢ | 6241 | ||
| Last updated 15.50pm 03/06/2024 ? | |||||
| MFD (ASX) Chart |