Given that SPP is 1:33 pro rata, selling newly issued shares on market will make no meaningful amount of profit. Unless of course you hold a huge amount of shares.
Looks like there is carefully accumulation or distribution going on a Slick mentioned earlier. When this is complete I see an upward move underpinned by results, catalyst, value.
CU6 - ASX Charts, page-301
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 (20min delay)
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Last
$5.08 |
Change
0.410(8.78%) |
Mkt cap ! $1.579B | |||
| Open | High | Low | Value | Volume |
| $4.73 | $5.10 | $4.64 | $14.64M | 2.953M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $5.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.08 | 40728 | 1 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$5.03 |
Change
0.410 ( 7.14 %) |
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| Open | High | Low | Volume | ||
| $4.77 | $5.09 | $4.64 | 206354 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| CU6 (ASX) Chart |