Can someone please provide info re the SPP announced on 5th Nov to retail holders.
Correct me if I'm wrong but the price that will be paid by retail investors is basically the average share price between this coming Tuesday and close of trade on Monday minus 2% - is this correct?
If this is correct, then wouldn't it be in retail holders best interest for the share price to keep going lower or at least subdued so you can buy more shares at cheaper prices especially when the institutions paid $25.32 for their shares?
What does everyone think will happen over those 5 trading days, will someone try and increase the SP so it doesn't come below what institutions paid?
I know the risks involved but I'd love to get in at some stage on these depressed prices so keen to hear everyones thoughts.
GLTAH
WBC Price at posting:
$24.77 Sentiment: None Disclosure: Not Held
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