Mmmm - closed at $201.78 today.....so things not quite so juicy against the SPP price of $191 but still a reasonable premium.
The incentive to take up the full $30k and then dump some or all of it for a quick capital gain has diminished with this slip back from recent highs at $208.
This possibly isn’t a bad thing - will make the stock less susceptible to a sharp drop at that first opportunity investors have to sell off their newly acquired shares.
The extent of any scaling back is diminishing too with this pullback in the sp.
Will delay my decision until early afternoon tomorrow I think. You can never rule out an unexpected dip on Wall St tonight.....if the stock got down to say mid $190’s tomorrow a lot of interest in this SPP would evaporate.
PS : a bit of a lesson here for those that committed to the SPP early while the stock was $208.
SPP close tomorrow
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Last
$196.50 |
Change
-1.290(0.65%) |
Mkt cap ! $75.25B | |||
| Open | High | Low | Value | Volume |
| $196.81 | $196.94 | $195.00 | $159.2M | 810.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 179 | $196.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $196.50 | 6773 | 5 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| MQG (ASX) Chart |