We may expect downward pressure on the share price before 27 April as small holders assemble the cash to take up their rights.
There is eight trading days until then. Those selling down will needs to allow for settlement, so six relevant days.
Anticipate large volumes. I think the market depth is very good, with solid buying support as IFN becomes relatively more attractive on wind farm construction and (I hope) refinancing at lower interest cost.
External forces side, I don't expect it to trade down to the 89c issue price. Should be a very successful right issue.
GLTAH
Ash
We may expect downward pressure on the share price before 27...
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 (20min delay)
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Last
$1.15 |
Change
0.000(0.00%) |
Mkt cap ! $155.4M | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.20 | $1.12 | $637.6K | 559.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14454 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 14868 | 1 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| IFN (ASX) Chart |