Money is not the issue. There are so many cash sitting in the sideline. Market is expecting another rights issue. Last time, we did a 2 for 5. Assume the same terms, I would expect SP will drop back to 12-13 range. STO's to speculation will provide a base.
No bad news really, so no reason to panic, a company needs to spend money to make more money. In fact, it might be a good opportunity to top up.
Money is not the issue. There are so many cash sitting in the...
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Last
$7.62 |
Change
0.160(2.14%) |
Mkt cap ! $24.74B | |||
| Open | High | Low | Value | Volume |
| $7.50 | $7.62 | $7.48 | $139.7M | 18.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 264300 | $7.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.63 | 118462 | 13 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| STO (ASX) Chart |