Australia's largest stock trading and investment forum Australia's #1 stock forum

SP1

Click for more information

0.00%

$1.07 southern cross payments ltd

fantastic post

First 346 Last

Share
Profile

Follow
durmaz

1,523 Posts.

539

02/10/19

17:16

Post #: 40690895
Share

Originally posted by leaguetrader: ↑

I think you will find the suspension is the only means the ASX has of controlling the trading in the stock , the volume and liquidity has been massive and they are doing it to maintain market integrity and shareholder value, they will issue a few questions to the company and analyze the trading from broker reports , my hunch is they are worried about the shorters and how easy it is to move this stock around due to its capital structure and number of shares on issue. Its really the only option to keep the lid on the stock temporarily as speeding tickets will just add fuel to the fire , i wouldn't be worried at all about it , the most likely outcome will be the company will answer all of the ASX's questions there will be no issues and the stock will come back on the boards , seen this before in stocks like CAG which ran from 20c to $2 the ASX suspended it and then it continued to go higher to $2.50.

Expand

fantastic post

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

AI stocks: What to expect in 2024-25

There are more pages in this discussion • 274 more messages in this thread...

First 346 Last

Add SP1 (ASX) to my watchlist