A strategic placement when you don't need extra funds would have to be at a premium. I suspect it will be to a larger fund manager or pharmaceutical company that can see the potential.
If they tried to buy on market, they might be able to get a million shares, but the cat would be out of the bag and the share price would run to something that they would consider unreasonable. Better to do a deal with the company and get their 5% or so at a sensible price.
So it will probably be to one buyer and not necessarily help liquidity, but will certainly put us on the radar of serious investors.
Cheers
Westwind
- Forums
- ASX - By Stock
- Ann: Trading Halt
A strategic placement when you don't need extra funds would have...
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OCC (ASX) to my watchlist
|
|||||
Last
36.0¢ |
Change
-0.010(2.70%) |
Mkt cap ! $75.35M |
Open | High | Low | Value | Volume |
37.0¢ | 37.0¢ | 36.0¢ | $59.55K | 163.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 41666 | 36.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.5¢ | 101155 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41666 | 0.360 |
7 | 37065 | 0.355 |
6 | 69716 | 0.350 |
4 | 108988 | 0.345 |
1 | 25000 | 0.340 |
Price($) | Vol. | No. |
---|---|---|
0.365 | 101155 | 1 |
0.370 | 6806 | 1 |
0.375 | 24331 | 1 |
0.380 | 6345 | 2 |
0.385 | 81318 | 3 |
Last trade - 15.37pm 25/06/2024 (20 minute delay) ? |
Featured News
OCC (ASX) Chart |