My take is underwriters selling rights issue shortfall .( not taken up by overseas investors and directors ). Underwriters still making a huge profit on $3-55 rights issue .Fund mangers needing to make ASX 200 purchases and are taking advantage of unwanted stock sale rather than chasing stock.Should dry up in the next day or so and fundies will have no choice but to start chasing stock .My $5-00 prediction of a couple of weeks back was only 16 cents of the mark but trust me , its coming sooner than later .Unbelievable bargain , for those that understand .
Today's trades
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 (20min delay)
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Last
$1.03 |
Change
0.005(0.49%) |
Mkt cap ! $384.2M | |||
| Open | High | Low | Value | Volume |
| $1.02 | $1.03 | $1.01 | $273.1K | 267.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 3590 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 13951 | 7 |
View Market Depth
| Last trade - 10.58am 29/04/2024 (20 minute delay) ? |
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Last
$1.03 |
Change
0.005 ( 0.87 %) |
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| Open | High | Low | Volume | ||
| $1.02 | $1.03 | $1.02 | 518688 | ||
| Last updated 11.02am 29/04/2024 ? | |||||
| EML (ASX) Chart |