There a two dampeners that can apply to DGL share market activity - not negatives just dampeners and these are -
Simon owning more than 50% of the stock on issue removes any premiums that might exist due to take-over activity.
Then because of this restricted liquidity broking houses are reluctant to offer leveraged margin loans on the stock - nabtrade do this for certain and presume others do it as well.- this removes a certain trading group from having an interest in the company.
Thus the business itself .has to be the prime driver of share price activity.
The upcoming results will in my opinion be pivotal on what the SP does for the next 6 months.
redgum
There a two dampeners that can apply to DGL share market...
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Last
55.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $156.8M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 55.5¢ | 54.0¢ | $170.6K | 312.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 862 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.5¢ | 10324 | 2 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| DGL (ASX) Chart |