I think any shorters (if existing) from yesterday will get out quick smart; SPP will only issue 13 mill shares ($50 mill total at 3.85); the institutional shares have been on market since 28 July; they had fair chance to make their profit by selling at 4.20; so they will not dump any more
the wee retailer (13 mill shares) is less than 2 days volume, so they cannot fill a shorter cover
so, I am guessing any SPP guys will hold (I know I will, even if I get all $30k); and I guess there will be heavy market buying between $4 and $4.10 to get set at this bargain price (incl dividend) this week; and next week (post divie) will be all about finding a price based on POG and EVN fundamentals;
now when you consider EVN was over $5 a few months ago at a POG below where we are now - it does lead one to think based on POG and fundamentals, this should trend up strongly (note: I can be wrong... there is a first time for everything)
when do we officially know our allocation?
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Last
$4.11 |
Change
-0.130(3.07%) |
Mkt cap ! $8.173B |
Open | High | Low | Value | Volume |
$4.17 | $4.17 | $4.09 | $26.92M | 6.539M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 21243 | $4.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.11 | 454417 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 21243 | 4.090 |
10 | 148094 | 4.080 |
3 | 61476 | 4.070 |
4 | 68783 | 4.060 |
5 | 35995 | 4.050 |
Price($) | Vol. | No. |
---|---|---|
4.110 | 454417 | 7 |
4.120 | 94934 | 4 |
4.130 | 86779 | 4 |
4.140 | 109255 | 4 |
4.150 | 53783 | 3 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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EVN (ASX) Chart |