It wasn't a new listing rather a demerger from ILU.
So note each existing ILU holder received a DRR share and they have been trading on a deferred basis until today.
The market will therefore take some time to work out what the value of each is on a stand alone basis (& whether they want to invest in one or both on a stand alone basis).
There are also some big institutional & long/short investors that will be working through this.
Then when you take on general negative market movements and events since then an ILU/DRR $5/$4 split isn't glaringly strange to me.
If you're new to this stock make sure you do a lot of research on the stock and recent trading before acting IMHO.
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It wasn't a new listing rather a demerger from ILU.So note each...
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Last
$4.79 |
Change
0.010(0.21%) |
Mkt cap ! $2.532B |
Open | High | Low | Value | Volume |
$4.75 | $4.81 | $4.71 | $4.521M | 945.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 22584 | $4.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.80 | 14020 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1155 | 4.770 |
1 | 1155 | 4.760 |
3 | 8155 | 4.750 |
2 | 1785 | 4.740 |
3 | 8155 | 4.730 |
Price($) | Vol. | No. |
---|---|---|
4.810 | 5955 | 2 |
4.820 | 1305 | 2 |
4.830 | 1111 | 1 |
4.840 | 2111 | 2 |
4.850 | 1111 | 1 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$4.80 |
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Change
0.010 ( 0.25 %) |
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Open | High | Low | Volume | ||
$4.75 | $4.81 | $4.72 | 367782 | ||
Last updated 15.59pm 24/05/2024 ? |
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DRR (ASX) Chart |