SPP like you said were not attractive as on Market purchase were equal or less than the offer. I entered GEM primarily due to on market SP were less than fund holders at price of 0.77. If I was an existing holder eligible to SPP, I would still buy on market at 0.77 instead of 0.8 through the offer.
For next week or near term, factor to drive SP significantly is rent reduction. Its been a while since GEM in talks with landlords, how is this progressing? Surely agreements will be made soon right? I hope the talks are not carrying on until pandemic is over in Australia!
Worst case scenario getting less than 10% rent reduction will see GEM going below 70c
Best case scenario 50% reduction we could be touching $1 in less than 4 weeks
SPP like you said were not attractive as on Market purchase were...
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Last
$1.19 |
Change
-0.010(0.84%) |
Mkt cap ! $959.2M | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.20 | $1.17 | $927.0K | 780.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8472 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 30 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| GEM (ASX) Chart |