the new listing is only 12.5% of the issued capital ..... it shows more and more value, and logic dictates this is massively oversold. Such an emotional over-reaction to such a small % raising. Seems more a backlash against the method of capital raising and the trading halt. Worst worst worst possible case it should be 2.25 which is the ADR price.
You cant fault the buyers for getting a good bargain on the capital raising. But just because they got a good bargain shouldnt lead to a re-rating of the SP on the ASX
I would love your thoughts on an opening price tomorrow
Im bullish based on logic and common sense, but as we all know sometimes the market sentiment overrides logic.
Thoughts on the opening and close.....
Mine is opening 2.25... close to the US listing with a finish above 2.30... fairly steady tomorrow , opinion only
the new listing is only 12.5% of the issued capital ..... it...
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Last
$1.03 |
Change
0.080(8.42%) |
Mkt cap ! $1.176B | |||
| Open | High | Low | Value | Volume |
| 95.5¢ | $1.03 | 95.0¢ | $43.38M | 42.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 72752 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 205100 | 2 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| MSB (ASX) Chart |