Per my above comments, if this merger occurs and new shares are issued, SIG/CWH will immediately become the 60th largest company on the ASX, meaning index tracking funds MUST own a huge chunk of the company, pretty well immediately. You will be competing against thousands of others that want those newly listed shares, and we're not talking about $10k purchases either. They will need to buy a LOT of shares. Couple that with the fact that retail investors will be jumping in by the boatload due to the incredible performance/upside of both companies, I fail to see how SP will drop.
The fact that we're already witnessing index funds jumping in now (in a huge way) only supports this belief.
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Per my above comments, if this merger occurs and new shares are...
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Last
$1.28 |
Change
-0.003(0.20%) |
Mkt cap ! $2.080B |
Open | High | Low | Value | Volume |
$1.30 | $1.30 | $1.26 | $1.978M | 1.550M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 34191 | $1.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.28 | 113460 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 31737 | 1.275 |
36 | 134495 | 1.270 |
21 | 122553 | 1.265 |
21 | 234084 | 1.260 |
12 | 86156 | 1.255 |
Price($) | Vol. | No. |
---|---|---|
1.280 | 131205 | 30 |
1.285 | 157387 | 19 |
1.290 | 247549 | 21 |
1.295 | 413881 | 13 |
1.300 | 249606 | 12 |
Last trade - 14.17pm 11/07/2024 (20 minute delay) ? |
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