For those unaware, today is the second trading day that ‘counts’ with respect to the current SPP.
It counts because the offer is the lower of the locked in $273 or a ‘ 2% discount to the 5 day blah blah average price up to and including 7 Feb.........so 2 Feb (today) is day 2 of the 5 trading days that are averaged out.
If you were attracted to the idea of topping up on your CSL holding (like I am) it looks like you would’ve been best staying away from the SPP and instead ‘buying the dip’ on market a week ago when the sp got down to the high $240’s.....it doesn’t look like the 5 day average is going to get low enough for the 2% discount to get you anywhere near that now.
Further, with the sp currently advancing the way it is .....is it still best to just buy on market even today and forget the SPP ? (ie as opposed to getting a 2% discount on a price that may be well north of what it is now)
I don’t have the answers - I just do the pondering .....but there’s some interesting numbers to be crunched these next few days.
In any case, with a little more positivity around the stock and a few confirmed broker targets well into the $300s it looks like it might be an ok time to acquire some CSL....no matter whether it’s on market or via the SPP.
So - about this SPP
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 (20min delay)
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Last
$275.80 |
Change
0.410(0.15%) |
Mkt cap ! $133.2B | |||
| Open | High | Low | Value | Volume |
| $276.00 | $277.50 | $274.44 | $131.0M | 472.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 83 | $275.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $275.93 | 109 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$276.25 |
Change
0.410 ( 0.14 %) |
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| Open | High | Low | Volume | ||
| $276.01 | $277.50 | $274.48 | 149758 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CSL (ASX) Chart |