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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I think any shorters (if existing) from yesterday will get out...
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Last
$4.57 |
Change
-0.050(1.08%) |
Mkt cap ! $9.090B |
Open | High | Low | Value | Volume |
$4.55 | $4.57 | $4.49 | $30.87M | 6.799M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 461244 | $4.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.57 | 50639 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 461244 | 4.530 |
5 | 59925 | 4.520 |
3 | 141111 | 4.510 |
5 | 114099 | 4.500 |
2 | 9221 | 4.490 |
Price($) | Vol. | No. |
---|---|---|
4.570 | 49782 | 2 |
4.580 | 54175 | 4 |
4.590 | 54925 | 2 |
4.600 | 34516 | 5 |
4.610 | 23141 | 3 |
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