Given the gift made to RED by Tonkin, the quarterly results are, as expected, excellent ! And... surprisingly investors are not looking RED and especially, judging by the volumes, they are not rushing to buy RED !
I would not like to be in the shoes of the VANGUARD trader (if he still works there...) who paid between 46 and 48 cents for RED. On the other hand, for the moment, Tonkin has made a good deal by selling his shares a few weeks ago !
In some way, this must also be a disappointment for those who had predicted this good news and a price at 50-60 cents and as it is also in our interest, we will gladly grant them the patience that they will not fail to ask us to show...
But, perhaps the large number of shares in circulation is a problem and I venture to predict that a reverse split (between 1 for 3 to 5 for example) would not be surprising...
Not good enough to look or... to buy RED !
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Last
33.5¢ |
Change
-0.020(5.63%) |
Mkt cap ! $2.278B | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.5¢ | $6.865M | 20.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 841251 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 59997 | 1 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| VAU (ASX) Chart |