Were you a retail investor or did you apply through a broker to get your parcel? From memory the shares were oversubscribed, especially with the institutions. I think retail investors got a better allocation.
The early volatility in the share price caused weak retail holders to fold. Now it looks like the institutions are in control and they will push the price higher.
Management made the right call by appointing Craig Drummond as the new CEO and he will drive further efficiencies in the company.
This is just my opinion and DYOR.
FloatMyMoat
Testing $3, page-8
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Last
$3.66 |
Change
0.040(1.10%) |
Mkt cap ! $10.07B | |||
| Open | High | Low | Value | Volume |
| $3.61 | $3.68 | $3.60 | $34.53M | 9.451M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 42307 | $3.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.68 | 19709 | 5 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MPL (ASX) Chart |