Likely explaination for the selling is that the takeover crowd are happy to dump at 5 and buy back at 5.5. While effectively paying the higher 6 cents a share for a very small portion of the company, it ensures that they will have the numbers for the takeover to proceed. This assumes that the 5 cent buyers are all focused on the quick 10 percent, which is probably a safe bet. I imagine that this strategy was part of the contingency when the 5.5 cent price was pitched.
Likely explaination for the selling is that the takeover crowd...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NDO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
85.3¢ |
Change
-0.028(3.13%) |
Mkt cap ! $194.4M | |||
| Open | High | Low | Value | Volume |
| 86.0¢ | 86.8¢ | 85.0¢ | $68.72K | 80.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 2424 | 1 |
View Market Depth
| Last trade - 15.46pm 11/10/2024 (20 minute delay) ? |
| NDO (ASX) Chart |