I have been watching for a while-this reminds me of Macquarie airports which floated at $2 and got down to ~80c soon thereafter. I see some parallels here. The thing that currently makes me wary is that Orbis have syphoned up the selling, but they are approaching 20%. I assume they are not allowed above 20% without making a takeover offer(??), but as a fund manager that is not their game. So who is still selling? Who will support the price, or will it drop further? It might be worth a nibble (pardon the pun) but at this stage nothing is looking positive to me from a short term perspective.
I have been watching for a while-this reminds me of Macquarie...
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Last
$7.26 |
Change
0.040(0.55%) |
Mkt cap ! $855.8M | |||
| Open | High | Low | Value | Volume |
| $7.20 | $7.30 | $7.12 | $3.720M | 514.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5098 | $7.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.26 | 412 | 1 |
View Market Depth
| Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
| CKF (ASX) Chart |