A lot of shareholders have sold to fund the SPP on the basis they thought they would get a 17.5c to what they sold at (12 to 12.5c).
Now 17.5 discount to VWAP is shaping up at at least 12 - 12.5c and who knows if they will get all their shares.
Explains the strong selling pressure up to the spp close date and now a rebound without that artificial selling.
A lot of shareholders have sold to fund the SPP on the basis...
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Last
$7.34 |
Change
-0.260(3.42%) |
Mkt cap ! $6.860B | |||
| Open | High | Low | Value | Volume |
| $7.55 | $7.56 | $7.30 | $32.37M | 4.384M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 84497 | $7.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.35 | 23514 | 2 |
View Market Depth
| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |