I think people are buying today and were also buying on Friday believing that they were still entitled to the rights issue at the discounted price.
From my understanding it takes three plus the purchase date for the shares to settle in your name.
Hence the accelerated rights issue after the trading halt was lifted no one else was privy to the rights except those holding before the trading halt.
I think a lot of people misunderstand the settlement process hence the upswing.
Anyone who bought Friday and today cannot get the rights.
My thoughts only please correct me if I'm wrong.
(the only reason I know is I've been done before)
rights issue!
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Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $624.9M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.3¢ | 28.5¢ | $643.1K | 2.218M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 179222 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 292525 | 3 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MAH (ASX) Chart |