Expect to be able to buy AXE below the SPP offer price of 60c tomorrow morning. Save on the wait and risk of scale back. Unless of course, support of the company through SPP contribution is your main aim.
Look at the chart; Don't know if AXE will go as far as filling the gap around 56c, but AXE should now dip below 60c. The rise has been sudden. Momentum to the downside is now firmly underway. Some further retracement is still due. This takes AXE below 60c.
Hopefully AXE have, by now, sufficient early bird applications to the SPP to offset a future developing reluctance to participate in the SPP due to AXE falling below the 60c offer price, within the offer period (ends 22June).
Conversely; There are many strong AXE supporters here on HC, and lots of cash sloshing around lately looking for a home in good future stocks, so perhaps that may ensure an over subscription, despite a fall below the 60c offer price within the offer period. GLTAH
Expect to be able to buy AXE below the SPP offer price of 60c...
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Last
35.5¢ |
Change
-0.010(2.74%) |
Mkt cap ! $90.47M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.5¢ | 35.5¢ | $48.33K | 134.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 134660 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| AXE (ASX) Chart |