SP1 0.00% $1.07 southern cross payments ltd

Ann: Trading Halt, page-29

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  1. 1,294 Posts.
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    I have to say. CR is not the worst news. However I will be a bit disappointed if they raise at anything under 42c. We have reached new highs the last week or so, but each day we have had a sell off the price has bounced back. The other day sold down from 48c to 43, and closed at 47c. We have been trading at over 40c since the 19/10 so wouldn't be surprised if they take the VWAP for the last 10 trading days as their measure. I have seen this done in stocks that have had continuous good news and trending up quickly. VWAP of the past month is a bit of overkill in my opinion and wouldn't like to see the price devalued by 25% for what is likely to be a small top up before contracts produce revenue.
 
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