Isn't this a result of the options?
People know that if they can sell their heads for 10.5 then they can exercise their options and make half a cent for each of them.
After Friday the 10.5 line should thin, though people who convert and anticipate being able to sell at 10.5 will still be there.
announcement timing, page-13
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Last
87.0¢ |
Change
-0.010(1.14%) |
Mkt cap ! $173.8M | |||
| Open | High | Low | Value | Volume |
| 87.5¢ | 87.5¢ | 87.0¢ | $3.589K | 4.103K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1795 | 87.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 20000 | 1 |
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| RHK (ASX) Chart |