What happens in the next 10 days is quite important. Current Macro environment is certainly not playing in our favour currently.
Entitlement offer closes on 25th May and shortfall a further 2 days later.
The SP around these dates is vital for a good uptake, otherwise there is going to be one hell of a shortfall.
The “cum in specie distribution” is 16 trading days away and after that FFX trades a further 9 days before LLL trades so there is a long way to go until the FFX / LLL SP split is fully known.
So I think it may be best to temper expectations, as a lot can happen in the next 24 trading days.
I note some say the list price for LLL is 70c, well that’s the price we can buy additional for, the price it lists on the 16th June we may get a little idea on the 3rd June and the on the day Itself.