The announcement spoke of each holder (except Fung) wanting to sell some (not all!) of their shares. Hardly unreasonable. It may be that the CEO was a seller at about $1 when the announcement was made but may not be now. He bought 200k on market at 84c in September. Hardly the actions of a man desperately trying to bail out. If he wanted to keep open the option on maybe taking profits on them at $1 then hardly surprising. Can't see how it justifies selling indiscriminately at 81c.
The way I see it there is a market distortion due to a single seller bailing out far quicker than is efficient. Probably down heavy again tomorrow but surely at 70c you are kidding.
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Last
73.5¢ |
Change
0.015(2.08%) |
Mkt cap ! $70.86M |
Open | High | Low | Value | Volume |
71.5¢ | 73.5¢ | 71.5¢ | $28.10K | 38.57K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 750 | 72.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
73.5¢ | 6884 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 750 | 0.720 |
2 | 18496 | 0.715 |
3 | 15000 | 0.710 |
3 | 32377 | 0.705 |
2 | 1433 | 0.700 |
Price($) | Vol. | No. |
---|---|---|
0.735 | 6884 | 2 |
0.750 | 172342 | 4 |
0.755 | 18000 | 1 |
0.760 | 15000 | 1 |
0.770 | 32000 | 2 |
Last trade - 13.12pm 07/10/2024 (20 minute delay) ? |
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SHM (ASX) Chart |