Leading up to and subsequent to the N listing, the sentiment of posters here seem to be that the yanks are stupid and will pay a premium "just because"...
They are much smarter than that and are more equipped (to take the price in the direction they want).
My take is that the market makers will play with the N pricing (driving it down, with very low quantities) in order to bring down PPR sp with it - remember they still need to buy PPR in order to package it up for PBMD.
You're the stupid one if you think that they would fork out 30, 26 or even 24c for PPR during this phase...
If you believe in the PPR story, follow their leads and accumulate with them...
my take on pbmd
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Last
32.0¢ |
Change
-0.015(4.48%) |
Mkt cap ! $421.2M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.0¢ | 28.0¢ | $4.806M | 15.72M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 36398 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 143409 | 11 |
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| Last trade - 13.00pm 28/06/2024 (20 minute delay) ? |
| IMM (ASX) Chart |