A few people don’t understand shorting here.
One of its key purposes is to ensure asset values do not get out of hand, which often leads to bubbles.
LTR is a brilliant example of that.
Receives a takeover offer at $3.00
The offer is withdrawn, the underlying valuation metrics did not support $3.00 and so its falls to fair / market value.
There were plenty of people calling $3.00+ valuations before the TO offer. If the SP had been allowed to be pumped un hindered with no shorters calling BS, then at some point a lot of people would have lost a lot of money with the subsequent drop when the market catches on the valuation is nonsense.
A few people don’t understand shorting here.One of its key...
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 (20min delay)
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Last
$1.25 |
Change
0.005(0.40%) |
Mkt cap ! $3.012B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.26 | $1.24 | $1.369M | 1.098M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 224841 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 103589 | 19 |
View Market Depth
| Last trade - 11.00am 07/05/2024 (20 minute delay) ? |
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Last
$1.25 |
Change
0.005 ( 0.06 %) |
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| Open | High | Low | Volume | ||
| $1.25 | $1.25 | $1.24 | 447928 | ||
| Last updated 11.18am 07/05/2024 ? | |||||
| LTR (ASX) Chart |