The liquidity is an issue if you need to sell a large holding and can't find an off market deal. Some funds can be indiscriminate in selling especially if they have lost a mandate which I suspect was the case in some of the selling in the past year. However you need to to keep reminding yourself of the 101 of share investing : the price does not always reflect the intrinsic value. It's pretty obvious what is happening now with the desperate search for yield from retirees : FID offers a healthy yield going forward and there is an army of new investors that would be delighted with a 6% franked up dividend compared to a cash rate of 1.5%. From a technical point of view it looks like the break out price is firming up at $5.60 and the buy and sell spread is contracting. Might take a couple more months to work through but the wild 20 to 30 cents gyrations have been less frequent of late. My theory was buyers ( or programmed algos )were selling tiny amounts of stock to force the price down in the buy/sell spread to pick up stock at cheaper prices because it just seemed irrational a genuine seller would sell stock at a level then sell stock 20 to 30 cents lower on the same day.
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Last
$7.34 |
Change
-0.160(2.13%) |
Mkt cap ! $231.0M |
Open | High | Low | Value | Volume |
$7.43 | $7.43 | $7.34 | $2.498K | 338 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1986 | $7.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.40 | 4725 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1986 | 7.340 |
1 | 141 | 7.270 |
1 | 138 | 7.230 |
1 | 500 | 7.200 |
1 | 305 | 7.180 |
Price($) | Vol. | No. |
---|---|---|
7.400 | 4725 | 1 |
7.500 | 1667 | 1 |
7.580 | 2032 | 1 |
7.600 | 2500 | 1 |
7.640 | 2500 | 1 |
Last trade - 15.53pm 26/07/2024 (20 minute delay) ? |
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