It will hold out around the $17 mark until thursday next week. Im guessing the people that participated in raise would also be buying on market currently seeing as though everyone wanted a piece of the pie and the book got filled before lunch heavily oversubscride.
History shows that within a week after the new shares have been issued theres a cracker of announcement from Paul & Co followed by a rerate.
Im guessing the shares being sold off around the 17.00-17.40 range are some existing institutional investors who participated in the current raise and are just refreshing their books before getting the shares at $17 again on the 18th.
Ann: Institutional Placement, page-76
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Last
$17.37 |
Change
0.280(1.64%) |
Mkt cap ! $1.133B | |||
| Open | High | Low | Value | Volume |
| $17.05 | $17.72 | $17.05 | $1.087M | 62.09K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 103 | $17.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.40 | 103 | 3 |
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| Last trade - 11.54am 03/09/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |