its not the frenzied buyers, its that stroke of genius BB. Its artificially propped up the price (on low liquidity) since the heavy nose bleed started. with only ~181m SOI - falling with every BB (about 50k a day!), theres very little liquidity.....theyve used that to their advantage well...
risky shorting (although in theory a no brainer), but plenty have ridden the rodeo (buy during the dump on FUM announcement day, wait for the SP to slowly grind on BB - rinse repeat). works a charm.
Overall trend is south, terminal at maybe "asset backed" ~$900m mkt cap ($5 p/s)? $300m buffer right now that will move with FUM. Heaven help what the next two FUM releases will reveal.....
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- Ann: Funds Under Management - October 2023
Ann: Funds Under Management - October 2023, page-8
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Last
$10.79 |
Change
0.060(0.56%) |
Mkt cap ! $1.950B |
Open | High | Low | Value | Volume |
$10.74 | $10.86 | $10.53 | $10.06M | 939.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 87 | $10.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.80 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 87 | 10.780 |
1 | 55 | 10.770 |
1 | 48 | 10.760 |
2 | 3896 | 10.750 |
3 | 2176 | 10.740 |
Price($) | Vol. | No. |
---|---|---|
10.800 | 1000 | 1 |
10.820 | 7600 | 1 |
10.830 | 2103 | 2 |
10.840 | 3103 | 2 |
10.860 | 4502 | 2 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
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MFG (ASX) Chart |