ironmonkey, there has been a drop on SP of others. 6-12 months ago, stocks were going lower than raising price. ie CBA raised at 26 and hit a low of 25.75. Things seem to have moved on with the strength of the market. Even TPI opened up at 1.05 after raising at 1.20 to go bonkers last week. Bear in mind they have been suspended for 6 months.
VBA did a raising at 20 and their SP went from 36 down to 33 and has held up today.
GMG, 40c now sitting at 58....shares come online 16/9...one to watch.
To answer your question, this stock may hold up well. If the market can sit here for a month, there's no reason ppl would want to sell. obviously theres a big profit right now, so some will take that. investors will no doubt hold.
currently holding from raising at 15
latest news, page-131
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Last
$8.77 |
Change
-0.090(1.02%) |
Mkt cap ! $1.397B | |||
| Open | High | Low | Value | Volume |
| $8.87 | $8.91 | $8.75 | $1.206M | 136.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1016 | $8.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.77 | 933 | 7 |
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| ELD (ASX) Chart |