"Insto's will already be overweighted in the stock so will only fulfill underwrite obligations."
And how do you know they are overweight?
Many of the interviews with analysts and managers in the lead up to this float suggested they are indeed underweight. Reports after the bookbuild also support that most institutional buying was from overseas and local institutions were not enthusiastic.
I think this leaves a lot of buying potential.
Have a look at the market depth, first bid at $2.55 for a mere 2,500,000 shares!
Someone must be underweight!
- Forums
- ASX - By Stock
- predictions for the opening
"Insto's will already be overweighted in the stock so will only...
-
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QRN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online