On 2/12/19 the company completed share purchase plan at $3.70 which was over subscribed.
https://hotcopper.com.au/threads/ann-successful-completion-of-oversubscribed-placement.5110645/
It's natural for those who received their shares at 3.70 to exit once at higher price once and book profit, thus may be the reason for recent falls. Falling below 3.70 may be an overreaction by panicked investors.
I'll expect this lot to come back and start picking the stock again and the SP stabilise @3.70 or under.
Amazon has the shares at 4.70. If the worlds largest online retailer has faith in this company, so do I.
UBS predicts SP of 4.80 in next 12 months as per the info on the companies web site
http://zipmoneylimited.com.au/files/research/2020-01-13--UBS_-_2Q20_trading_update.pdf
UBS could be right as when the SP reaches 4.8- 5.50 amazon may want to cash in once, and we see another dip then.
But as of Friday 22/2/20 DOW and Nasdaq closed low, so Monday we could see SP fall further. But by Tue-Wed some stability and Thursday results anybody's guess.
Please fill me in if i have missed out or do not have the right info.
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9 | 85373 | 2.250 |
8 | 350600 | 2.240 |
5 | 177433 | 2.230 |
7 | 188875 | 2.220 |
Price($) | Vol. | No. |
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2.280 | 2000 | 1 |
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