I wouldn't be too concerned. A bid came in just after 4pm for about $600k at $5.50 which is why the price dropped as the exiting holder sold a few into it. That bid suggests someone with deep pockets is seeing value. I also suspect that the seller is either a PE fund that lost interest after Poundworld and can't sit on a small holding, or a hedge fund that was banking on a takeover but now thinks it won't happen. Either way will be interesting to see if this buyer re-emerges on Monday.
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Last
$6.68 |
Change
0.000(0.00%) |
Mkt cap ! $249.6M | |||
| Open | High | Low | Value | Volume |
| $6.68 | $6.68 | $6.68 | $142.4K | 21.33K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 53927 | $6.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.68 | 195884 | 7 |
View Market Depth
| Last trade - 09.59am 26/06/2025 (20 minute delay) ? |
| TRS (ASX) Chart |