Lenni I 100% agree. And I also do not understand TCG and others closing their eyes in front of the facts.
In addition I now realized that ARU was downgraded by my bank - it is a big international bank (UBS).
Downgrading here means: In the past for the ARU shares you could get 60% of the SP using them for a Lombard credit (collateral loan business). Now it is only 40%. They just told me the reason for it is the development of the SP during the last year. It is not because of fundamental changes and it was not a generic measure because of the current credit crisis.
It already took place about two months ago - so there will be no additional selling pressure because of additional margin calls.
Lenni I 100% agree. And I also do not understand TCG and others...
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $450.5M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.5¢ | 19.3¢ | $868.6K | 4.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 131969 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 2059581 | 13 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| ARU (ASX) Chart |