new shares will have impact on SP..no question about that.
But short term, once dust is settled, it will bounce back.
look at AIO, $1.80 before trading halt, opened at $1.40 when halt lifted, SPP was $1.10. a couple of months later, trading at $1.70
look at VBA, SPP was 20 cents. Currently trading at 41 cents.
There will be profit takers and those who see value in the company. Either way, it is the stock market...demand and supply...if big players see value, the SP will move up over time.
I have brough ELD (not from SPP)..and still believe there is upside from current SP.
good luck all
new shares will have impact on SP..no question about that.But...
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Last
$8.47 |
Change
-0.070(0.82%) |
Mkt cap ! $1.338B | |||
| Open | High | Low | Value | Volume |
| $8.48 | $8.52 | $8.38 | $3.357M | 396.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1832 | $8.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.47 | 1006 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ELD (ASX) Chart |