Sub $8, I wonder where the stop-loss trigger points are that see stock just being dumped on market.
NST is at Dec 2019 prices - putting SHs over the past 2.5 years at loss (ignoring those that play the swings).
The instos joined at $9 in the Super Pit capital raising. Cash is king and with further losses on the horizon, I'd expect some cashing out with an eye to buy back at basement prices.
NST has a lot further to fall, IMO.
SAR SHs have been hurt by the merger. The 1+1 = 2 formula, was jumped all over when HC posters suggested 1 + 1 = 1....but unfortunately today it's 1 + 1 = 0.6, and falling further.
Can't see NST holding its share price, page-1405
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Last
$16.81 |
Change
0.300(1.82%) |
Mkt cap ! $19.32B | |||
| Open | High | Low | Value | Volume |
| $16.56 | $16.89 | $16.51 | $67.07M | 3.997M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1482 | $16.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.89 | 1238 | 3 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| NST (ASX) Chart |