Australia's largest stock trading and investment forum Australia's #1 stock forum

ARI

Click for more information

0.00%

2.7¢ arika resources limited

Nice pick up under 40, I wonder !!!, page-46

First 46 Last

Share
Profile

Follow
newcar

867 Posts.

2

17/09/14

10:17

Post #: 13986101
Share

Originally posted by TerribleTadpole ↑

For what it's worth, here's my take:

The entitlement hives you the right to buy an Arrium share for 48c. So they will trade for roughly the difference between 48c and the share price. If ARI is trading at 50c then the entitlements will trade at roughly 2c. So...

You will see a LOT of downward pressure on the SP by institutions wanting to pick up entitlements cheap. If you think you will make money from your entitlements you are deluding yourself.

Once the entitlements are converted to shares at 48c the institutions will want the SP UP so they can get their profits from their positions.

You can't believe anything the brokers publish as targets, or even tell you as a client. The brokers are all either operated or massively influenced by the institutions so they will ramp ARI down while entitlements are trading. Once entitlement trading closes you will start to see some tremendously positive broker forecasts.

This is the kind of stinking, rotten corruption and market manipulation that I'll be trying to trade on.

Expand

TT,

The record date for the entitlement is 18 September but what is the ex date?

ARI Price at posting: 65.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

So much to say: The 10 stocks that got investor chins wagging on HotCopper in 2024

Low IPOs through 2024 doesn't mean there weren't any 'green shoots'

From Zip to Invictus: The 10 most watched stocks on HotCopper forums in 2024

STX

Strike Energy was HotCopper's Most Watched stock in 2024 - and it's still a 'fantastic opportunity'

Lithium, uranium, and gold, oh my: All our commodity predictions heading into '25

First 46 Last

Add ARI (ASX) to my watchlist

(20min delay)
Last 2.7¢		Change 0.000(0.00%)		Mkt cap ! $17.10M

Open	High	Low	Value	Volume
2.8¢	2.8¢	2.6¢	$4.105K	152.5K

Buyers (Bids)

No.	Vol.	Price($)
3	476024	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	178183	1

View Market Depth

No.	Vol.	Price($)
3	476024	0.026
4	583728	0.025
7	1742700	0.024
3	608695	0.023
1	23809	0.021

Price($)	Vol.	No.
0.027	178183	1
0.028	479394	3
0.029	145000	1
0.030	167600	3
0.031	390000	2

Last trade - 13.48pm 01/01/2025 (20 minute delay)

ARI (ASX) Chart