Regal still selling I think - small consolation, but at least some explanation, as to the trading.
As discussed before, I am sure - Regal Funds Management. a hedge funds type, picked up their shares @ 6 cents, and had a predetermined strategy to subsequently sell, at a stag profit. Not an uncommon approach, at the time of company raisings.....but frustration for us retail investors.
Given the fantastic news since that raise - , I wonder of the possibility of the company finding a more committed buyer for the outstanding Regal shares. Although definitely most of the Regal shares would seem to be have sold anyway......and probably a bit late.
A guess might be 17 m shares left - given Regal still held 33 m on 25/3/2021.......another 3 m confirmed as being sold up to the 12th May. And a gross 16 million shares traded on the market until today.
.....it would be great if by chance soon, we see some sort of crossing for roughly this number of shares - it would mean Regal is out. I am sure the company are looking at the situation - but at any rate we should thankfully see the end of Regal soon. (MEL shareholders, I am sure would like to see this SP moving also). Adios Regal
It is just overall a rock solid wonderful share opportunity here - finding stocks like this don't come easy.
I look at dozens of ASX stocks each week - mostly like the John West TV add, they are a reject...but not this one. Sit back and enjoy how the company and SP evolve. MEL same situation.
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.36M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 1.0¢ | $10.28K | 998.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1443024 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 5105960 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1443024 | 0.010 |
11 | 2866033 | 0.009 |
14 | 2066231 | 0.008 |
7 | 4871000 | 0.007 |
3 | 500000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 5105960 | 7 |
0.012 | 4016954 | 7 |
0.013 | 1369232 | 2 |
0.014 | 550000 | 2 |
0.015 | 4504000 | 3 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
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