Value_Hunters "stock likely to trade closer to $4 .....as very large profit on offer ......"
I tend to agree ... The large 'stag' that instos will make is too tempting for them - thats why there was a 92% take-up rate. Bear in mind that the instos already have their stock & the damage will be done well before any retail holder can do anything about it. I dont think ORG will trade near $4 tomorrow but I do believe $5 & over is overly optimistic.
For me, I intend to sell my entitlements worth of stock out of my ordinarys holding at the best price tomorrow. Then take-up the rights at $4 or maybe even lower than that if it comes to pass. I do realise that the dilution is a big problem & with the greatly reduced yield, I may even exit the stock completely & find better value elsewhere.
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Last
$10.49 |
Change
0.090(0.87%) |
Mkt cap ! $18.07B |
Open | High | Low | Value | Volume |
$10.43 | $10.51 | $10.38 | $19.27M | 1.841M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8990 | $10.49 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.50 | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2300 | 10.430 |
1 | 3000 | 10.370 |
1 | 800 | 10.360 |
2 | 630 | 10.350 |
1 | 500 | 10.330 |
Price($) | Vol. | No. |
---|---|---|
10.530 | 1050 | 1 |
10.540 | 604 | 2 |
10.590 | 1249 | 1 |
10.600 | 5504 | 5 |
10.630 | 2627 | 2 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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ORG (ASX) Chart |