An interesting trading day after the trading halt with the SP steadily tracking back from a high of $3.19 to $3.00 before starting to rise again to $3.08 as I type. Trading has been about double the normal daily average. I thought it may have tracked back to the $2.95 CR price, which would have represented a 9% decline, but still less than the 15% share dilution level associated with this CR. If the SP remains above $3 for the time being I think we have got good value for money out of this exercise for now, providing NTC can deliver on the growth that is effectively promised longer term by this CR.
An interesting trading day after the trading halt with the SP...
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