Viper, I believe you are correct. A few things at play. 1 Shdrs know knowing what allocation they have taking a profit / rebalancing their portfolio. 2 SP adjustment given the larger no. of shares on issue. 3. X dividend on Monday the 4th.
I believe the first point had a bigger effect than we would normally expect because the significant positive difference between market price and SPP price encouraged high participation, likely resulting in oversubscription and scaling back of applications. Predicting this outcome many shdrs would apply for more than they wanted under the SPP. With todays announcement of full allocation they decide to sell some to get back to the allocation they wanted and pocketing a tidy profit in the process.
Viper, I believe you are correct. A few things at play. 1 Shdrs...
-
- There are more pages in this discussion • 11 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 PFP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.85 |
Change
-0.010(0.17%) |
Mkt cap ! $807.0M | |||
| Open | High | Low | Value | Volume |
| $5.84 | $5.90 | $5.83 | $500.5K | 85.54K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250 | $5.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.86 | 342 | 1 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| PFP (ASX) Chart |