I'm not the one saying it will go below $2.50 after the issue closes. The magnet at $2.50 is due to the ability of people to buy at $2.50.
When the issue is out of date, I expect price should revert back to a similar pricing from before the rights issue, as the $2.50 magnet disappears and simultaneously disappearing is the doubt about the ability to raise the short term cash.
interesting, page-17
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Last
$2.96 |
Change
0.000(0.00%) |
Mkt cap ! $5.748B | |||
| Open | High | Low | Value | Volume |
| $2.94 | $2.97 | $2.93 | $17.85M | 6.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 43989 | $2.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.97 | 135691 | 6 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| IPL (ASX) Chart |