Got no real issue with the raise, it's the discount to BP and co after BP raised their SPE. Its a bit sneaky cos Management would have known about this for a while...to me, given DRO's cash position, 10% would have been fairer. Anyway - its all part and parcel for the market. As I previously stated, its no issue if you look more than a fortnight ahead. I am thinking it may be tied to a large contract too...but if so, again more reason to give only 10% discount. It's pocket pissing tactics.
Ann: Trading Halt, page-42
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Last
$1.09 |
Change
0.075(7.39%) |
Mkt cap ! $950.5M | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.09 | $1.02 | $22.75M | 21.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25001 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 108609 | 10 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| DRO (ASX) Chart |