“what were the institutional buyers thinking”
They were “sophisticated” investors, not “institutional”…I highly doubt any institutions invested.
Under the current law, an investor can be deemed sophisticated by an accountant if they have $2.5 million in net assets (including the family home) or earn more than $250,000 gross income in two consecutive years.
IMO DYOR
“what were the institutional buyers thinking”They were...
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Last
5.8¢ |
Change
-0.001(1.69%) |
Mkt cap ! $96.23M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 6.0¢ | 5.7¢ | $273.4K | 4.689M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1049999 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 15000 | 1 |
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| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
5.9¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 5.9¢ | 6.0¢ | 5.7¢ | 1666393 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| LKE (ASX) Chart |