Logic drives you crazy on the markets. ELD announces a profit downgrade and requiring refinancing and ELDPA tanks. PPX announces profit downgrade and a debt refi with the banks in total control, PXUPA goes down for a couple of days before returning to previous price.
ELDPA announces div, PXUPA cancels and still does not go down as far as ELDPA. Given, PPX is in a much better debt position, but if I was going to buy today ELDPA is a lot more attractive than PXUPA.
I can only think today that someone is still trying to offload a significant position in ELDPA and hasn't been able to with the weak buy side over the last couple of weeks. The lack of liquidity would be a major issue for any insto's in ELDPA. $1M would be pretty hard to move.
bank negotiation, page-10
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Last
$8.47 |
Change
-0.070(0.82%) |
Mkt cap ! $1.338B | |||
| Open | High | Low | Value | Volume |
| $8.48 | $8.52 | $8.38 | $3.357M | 396.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1832 | $8.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.47 | 1006 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ELD (ASX) Chart |