While the news that insto's picked up the allocation at the amount and speed that they did is a positive, it's difficult to see the market not overreact at a CR at $1.25. Market sentiment will surely drive this down in early trading, and even though the company has positive prospects, I think medium term we can expect a 10-15% drop from current SP.
Though I wish this was not the case.
While the news that insto's picked up the allocation at the...
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Last
$1.61 |
Change
0.055(3.55%) |
Mkt cap ! $804.2M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.61 | $1.55 | $1.420M | 901.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 1495 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SLC (ASX) Chart |