Over the last 2 change in substantial interest notices, 1 from end of July after the 29June exdiv date, 1 from August, PPT has gone from 158M plus shares to 115M and then from 115M to 105M. It has dispose of 53M plus shares in 2 months or about 50% of its shareholding.
The sp is where it is now dued to PPT selling. It is going to continue to sell. So, ORA buying on market is just buying from PPT and giving it an avenue out.
Let it sell first at low sp.
Share buy back, page-28
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Last
$2.04 |
Change
-0.010(0.49%) |
Mkt cap ! $2.740B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.05 | $2.02 | $13.33M | 6.556M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $2.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 79603 | 6 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| ORA (ASX) Chart |