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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Last
$6.99 |
Change
-0.130(1.83%) |
Mkt cap ! $2.204B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.29 | $6.93 | $7.627M | 1.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3175 | $6.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.01 | 6106 | 3 |
View Market Depth
| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| CU6 (ASX) Chart |