For me the majority of my shares were bought after the demerger, I have been accumulating all the way up to high $5s. I am currently at a loss so buying now and purchasing my allocation will bring down my average price. Not too concerned as this is one company I am happy to bottom drawer. I do have another trading account with approximately 5,000 shares so happy to sell them when they provide a descent profit.
The drop in price to below the raise price IMO is just pressure to keep the Company from raising their full rights allocation. As mentioned by @Eintracht I suspect there to be alot of downward pressure and volatility in the price until the expiry of the offer period.
ASM Chart Thread, page-625
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Last
85.5¢ |
Change
0.030(3.64%) |
Mkt cap ! $154.8M | |||
| Open | High | Low | Value | Volume |
| 83.5¢ | 86.5¢ | 79.0¢ | $234.1K | 282.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1169 | 85.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.0¢ | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ASM (ASX) Chart |