I really don't know what to make of it. Normally I would think ok the underwriters are suppressing the price until after the CR so there is minimal retail participation & they'll get the whole lot at 10c & make a big profit if and when a T/O is announced.
Also those who are attempting the T/O don't really care as the lower the SP the more likely retail holders will accept a lower price.
However it's an interesting game if they are genuine about a T/O, if they started buying on market those that are suppressing the SP (IMO) would lose out because they would be selling their (owned or borrowed shares) cheap.
In short it's a total mind F I haven't got a clue what's going on because none of it makes any sense.
One thing I'm not doing is selling but I may well buy more at 10c but not until the last possible moment
I really don't know what to make of it. Normally I would...
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BTH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $78.82M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.8¢ | $75.54K | 686.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 319816 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 111368 | 7 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BTH (ASX) Chart |