I think it will bounce - not necessarily right now, but once instos and retail holders have finished their sell downs to buy into the rights issue.
Retail offer closes 5th June so 1st June will be last day for selling for retail holders needing cash. Expect pressure to come off then.
In the interim a good buying opportunity IMHO, however I can not see it dropping below 14 unless oil price tanks.
I think it will bounce - not necessarily right now, but once...
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Last
$7.86 |
Change
-0.180(2.24%) |
Mkt cap ! $25.52B | |||
| Open | High | Low | Value | Volume |
| $7.93 | $7.94 | $7.86 | $50.92M | 6.465M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 13931 | $7.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.89 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |