Hey guys, being relatively new to SPP I was just wondering from those with a bit more experience whether you think Bellevue's share price is being suppressed until the SPP has closed. The only reason I ask this is I have also been monitoring the share price of Sezzle (not cross promoting, just using as an example) whose SPP is a few days ahead of BGL. From the time it was announced the share price was pushed down about 20%. I assumed this was just people either profit taking or intending to participate in the SPP and selling off to fund participation. I had a look today and all of a sudden their share price has taken off again heading back to pre-SPP levels. Coincidentally (or not) their SPP closes today so in order to participate eligible holders would have had to B-Payed yesterday.
This brings me back to BGL. Prior to the SPP anouncement we were trading at $1.12. Since then we have dropped as low as $1.03 before getting a bit of a bounce yesterday. What's the likelihood of another breakout after the SPP closes or am I just reading too much into this?
Share price being surpressed??
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Last
$1.44 |
Change
-0.395(21.6%) |
Mkt cap ! $1.689B | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.46 | $1.33 | $113.8M | 80.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 144224 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 285910 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |