The shares will be bundled into a lot of 10, 20 or 30.
and the sold to The US as 1 ADR
So taking a bundle of 10.
1 ADR = 10 of ASX AVH Shares.
1 ADR = $2.00
The US will be buying a block of shares for $2.
I think this is to make it easier for the brokers, buyers and OTC folk.
IF TRUE, and this has not been confirmed, then there will be 10 times the demand for AVH shares as the bundles are bought (or sold)
Like I said, this hasn't been confirmed so please don't base anything off it.
Will be very big news if it is though.
There's only 240 odd million shares on issue = 24 million ADRS
Pure speculation at the moment though.
The shares will be bundled into a lot of 10, 20 or 30.and the...
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Last
$2.61 |
Change
0.010(0.38%) |
Mkt cap ! $183.8M | |||
| Open | High | Low | Value | Volume |
| $2.60 | $2.65 | $2.60 | $204.9K | 78.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 844 | $2.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.62 | 3892 | 9 |
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| Last trade - 14.02pm 09/09/2024 (20 minute delay) ? |
| AVH (ASX) Chart |