Its looking good so far and agree there will be little retail selling pressure given only 3% entitlement. Just caution that Placement Shares and Institutional Entitlement shares don't get allocated until next week, so that will be a better test of SP stability. Sometimes its tempting for fund managers to take a 5-6% stag profit at least on some of their investment.
And whatever shares Bell Potter scoops up from the retail offer shortfall will likely be dumped on market in early May. Conversely if existing retail shareholders were able to buy extra shares (those not subscribed for by their fellow shareholders), they would be more likely to hold them.
Its looking good so far and agree there will be little retail...
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Last
$6.86 |
Change
-0.430(5.90%) |
Mkt cap ! $2.163B | |||
| Open | High | Low | Value | Volume |
| $7.25 | $7.35 | $6.85 | $7.784M | 1.108M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10173 | $6.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.96 | 3202 | 2 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| CU6 (ASX) Chart |