Well, this morning on watch for APX SP to run towards $1.85 …..
When you calculate $2.30 SP #125m shares getting to #157m SP had to be valued at $1.83!
If entitlement not taken, will be passed to institutions.
So institutions will borrow money to buy shares $1.85 each dump at market price when it’s above $1.85.
So I expect share price to get into $1.65-1.70 range to bottom out …(10% below $1.85) this would force institutions to buy more …
Will be interesting to see when public ownership fall further and institutions keep adding more….
Trading range will move to $1.65-$2.00 now I guess
DYOR, not an advice
Ann: Strategy refresh and capital raising presentation, page-95
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Last
51.5¢ |
Change
0.005(0.98%) |
Mkt cap ! $114.5M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 52.5¢ | 51.5¢ | $385.2K | 742.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 157644 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 16791 | 4 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
51.5¢ |
Change
0.005 ( 0.10 %) |
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| Open | High | Low | Volume | ||
| 51.0¢ | 52.5¢ | 51.0¢ | 309615 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| APX (ASX) Chart |