Madamswer's prescient post points to the immediate future of ORA's SP.
https://hotcopper.com.au/posts/69827293/singles
Raising $1.345m was a big ask. Only 39% of retail entitlements, including the +50% excess entitlements, were taken up. This follows tepid interest in the institutional offer. Underwriters are now holding a giant pile of unwanted stock they will need to promptly trade out of.
In a word, indigestion. The supply of stock V demand had blown out the wazoo.
The ORA business is sound, the acquisition coherent and logical. Watching with interest.
Ash
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$1.97 |
Change
-0.010(0.51%) |
Mkt cap ! $2.646B |
Open | High | Low | Value | Volume |
$1.99 | $2.00 | $1.96 | $17.09M | 8.654M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 193147 | $1.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.98 | 116472 | 3 |
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No. | Vol. | Price($) |
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2 | 13846 | 1.965 |
3 | 41546 | 1.960 |
1 | 9029 | 1.955 |
3 | 9829 | 1.950 |
1 | 9029 | 1.945 |
Price($) | Vol. | No. |
---|---|---|
1.980 | 8846 | 1 |
1.985 | 33846 | 2 |
1.990 | 13948 | 2 |
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2.000 | 14109 | 3 |
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