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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Last
$2.71 |
Change
0.030(1.12%) |
Mkt cap ! $3.634B |
Open | High | Low | Value | Volume |
$2.67 | $2.74 | $2.67 | $5.676M | 2.097M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
30 | 184068 | $2.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.71 | 78976 | 49 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 203535 | 2.700 |
38 | 176956 | 2.690 |
16 | 121965 | 2.680 |
10 | 37670 | 2.670 |
10 | 35103 | 2.660 |
Price($) | Vol. | No. |
---|---|---|
2.710 | 52299 | 30 |
2.720 | 128280 | 19 |
2.730 | 55045 | 14 |
2.740 | 70628 | 18 |
2.750 | 186487 | 27 |
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