Davej56,
Don't disagree with you views, but after issue completed I would expect IPL to be trading higher than current price. As you said insto selling today with stock being replaced at $2.50, when this ends stock will bounce.
GPT recent issue at 60 cents saw a similiar situation, only for GPT to bounce after things settled down.
Regards
Buffett
rights issue - a better way?, page-3
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Last
$3.10 |
Change
0.060(1.97%) |
Mkt cap ! $5.827B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.10 | $3.04 | $8.155M | 2.661M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 63 | 200854 | $3.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 83220 | 21 |
View Market Depth
| Last trade - 13.30pm 06/09/2024 (20 minute delay) ? |
| IPL (ASX) Chart |