It got extended by 2 weeks!!!
I sent the cheque...
I mean i see the price as interesting .. why???
coz u do not know the price of the SPP UNTIL the LAST 5 DAYs of trading IMMEDIATELY before the shares are issued.
SO if the shares are issued on a Monday.... the SPP price will be determined on the 5 day avg the week before...
Why I find it interesting??? Coz providing the Share price remains flat on say the first 4 days.. (mon - Thurs).. then the AVERGE price will be quiet nice!! As the SPP price will be the averge of the 5 days LESS 20%..
So even if the stock price DROPS by 20% on Friday... u will still break even (and when compared to 5 days...a 20% fall on a friday will equal to around 10% for the week) remebering its the 5 day average.
The stock has to crash 25% at the very least...to then not make any money on the Spp play!!
Im looking at an issue price of around 8c for the SPP.
Last trade: 10c
NEgatives?? F*** all volume though :(
So if that means I need to sell for a 10% profit (instead of 20%) then I will. Profit still a profit :)
Hope this is of assistance,
Regards
spp, page-2
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Last
9.8¢ |
Change
0.003(3.16%) |
Mkt cap ! $5.873M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.8¢ | 9.2¢ | $8.232K | 86.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.9¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
9.5¢ |
Change
0.003 ( 2.15 %) |
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| Open | High | Low | Volume | ||
| 9.3¢ | 9.5¢ | 9.3¢ | 11154 | ||
| Last updated 14.32pm 07/06/2024 ? | |||||
| DES (ASX) Chart |