Well we have reporting due out in the morning.
All I can say is all those instos that came in at 70c PLUS all those analysts saying the price should be around $1.20 would be REALLY hoping that the news tomorrow has some wow factor attached to it.
Otherwise, some large instos will be sitting at their 15% holding worth around 50% what they paid a few weeks ago, and analysts estimating a share worth which is now 25% of what they estimated.
If that's the case, expect some fireworks as a few fairly big groups investigate what went wrong - what was it they missed in their valuations, was any info hidden, were PDN comments giving a much rosier position etc. I realise that the PDN position is that the paused asset sale and this CR are totally independent events - but these are all options to look into. The Singaporeans must be fuming.
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Open | High | Low | Value | Volume |
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23 | 4105 | $11.39 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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11 | 1119 | 11.390 |
21 | 5783 | 11.380 |
13 | 6657 | 11.370 |
12 | 7930 | 11.360 |
13 | 5898 | 11.350 |
Price($) | Vol. | No. |
---|---|---|
11.400 | 10321 | 51 |
11.410 | 6482 | 16 |
11.420 | 3561 | 12 |
11.430 | 5276 | 14 |
11.440 | 3768 | 9 |
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