Perhaps I have got it totally wrong and or my maths is shonky but, IMO andyou may well have noticed it yourself, there seems to have been a supply side drivencompression of the PCK SP, which is particularly noticable at Market day's end, it seems, IMO, to me that the "Composite Holder/Operator"@ PCK has done mainly an excellent job of not allowing the SP to breach the $300m MC.
Lookingback over the last couple of months with PCK SP’s over the Vested ShareQuantity perhaps you can also see a pattern for the SP beat downs where PCKwould have been in breach at the following SP’s.
-915,155,279 shares (as at 14/10/2019) @ SP circa $0.328 per share then (add30,066,052 shares).
-945,255,279 shares (as at 02/11/2019) @ SP circa $0.318 per share.
Accordingto PCK Ann Appendix 3B released today 22/11/2019 (add 90,198,155 shares) now thereare:
- 1,035,522,400PCK Fully Paid Shares where @ SP circa $0.2897, PCK would be in breach of $300mMC.
I amconcerned because if “another” 10% of PCK shares were “Approved” at the 2019PCK AGM by the shareholders does this mean the Composite Holder/Operator willnow “be forced” to keep the PCK SP down by another 10% to sub circa $0.2691 tokeep the MC under $300m?
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Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.80M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.6¢ | $42.19K | 1.560M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1499659 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 387949 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1486659 | 0.027 |
6 | 1429042 | 0.026 |
8 | 861420 | 0.025 |
3 | 695000 | 0.024 |
1 | 300000 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 387949 | 1 |
0.029 | 50000 | 1 |
0.030 | 473610 | 4 |
0.031 | 135000 | 1 |
0.032 | 150468 | 2 |
Last trade - 14.58pm 24/01/2025 (20 minute delay) ? |
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Adam McKinnon, MD
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