No, the price drop is due to the regulatory change announced Tues night.
http://www.thewest.com.au/default.aspx?MenuID=146&ContentID=20832
But the SHV buyback scheme is well placed to soften the blow.
Anyway, I reckon SHV is very much under-valued and a recovery is underway.
buyback again yesterday, page-3
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Last
$4.01 |
Change
0.060(1.52%) |
Mkt cap ! $485.4M | |||
| Open | High | Low | Value | Volume |
| $3.96 | $4.08 | $3.87 | $3.213M | 816.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2712 | $4.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.08 | 1549 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SHV (ASX) Chart |