We have about 38ish % of the total issuance coming through later this week. However I suspect the majority of that will be received by insts and bigger players, as it seems way too much for standard retail. I suspect there might be a tiny dip on the issue and trading date, but most of these bigger players (and many retail) should have already adjusted their holdings more or less already - as there was a lot of selling into the retail close (selling to raise cash, and remove risk/lock in cash profits?) Any big dip will likely be an attempt to flush out weak hands IMO - but I will not be complaining if it happens.
So things might be looking good - although I wouldn't count on getting many extras if you apply for them - but good luck! (Commiserations to those who didn't take up their entitlement - bet you didn't know you had a target on your back).
SDF Price at posting:
$1.57 Sentiment: Buy Disclosure: Held
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