I believe the hedge funds are shorting kar in anticipation of an early cap raising .
Assumming there won t be a cap raising till later next year as they do have enough funds to last till next year .I would think the short covering will provide us with a much better sp .
Also if the ipo goes ahead then significant value will be put back into the sp too .
The brazil ipo, i would think will happen oct/nov unless the market crashes and then that may go on hold till next year .
just my thoughts .
please dyor .
I believe the hedge funds are shorting kar in anticipation of an...
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Last
$1.53 |
Change
-0.075(4.67%) |
Mkt cap ! $1.192B | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.57 | $1.52 | $12.45M | 8.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 350 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 57889 | 3 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| KAR (ASX) Chart |