There is also the issue that RRL is likely to be dropped from the ASX100 index (it will of course remain an ASX200 company) in the June round of S&P index rebalancings.
That means that some larger institutional investors have to sell - hence the current dumping. I wonder how long that will continue. Could get some really cheap prices here.
loki
update on flooding, page-55
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Last
$1.94 |
Change
0.065(3.47%) |
Mkt cap ! $1.465B | |||
| Open | High | Low | Value | Volume |
| $1.92 | $1.95 | $1.92 | $8.593M | 4.444M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 105232 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 121140 | 11 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |