APL 0.00% 10.0¢ associate global partners limited

Over the past month almost half the company's shares have traded...

  1. 1,166 Posts.
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    Over the past month almost half the company's shares have traded mostly at 0.02. If there is a single (person or entity) buyer this now points strongly to a backdoor listing and one would expect the sequence of buying to continue.That is buy at 0.02..pause...if pos put through a 0.01 sale...wait for sellers to queue at 0.02, resume buying. The shares are worth 0.03 which is an extra $0.05 million the current sellers have foregone. The interesting part will be for those of us hanging on, what the compulsory sell amount will be once the current purchaser accrues 90% of the company. By then those who have sold will collectively have undersold their shares to the tune of $1 million and the remaining 10% of shareholders still holding may get offered 0.03 which is the minimum market value I believe the shares are worth.
    My position is to hold and continue holding but I may be tempted to sell if 0.03 is the going rate because this would provide a fairer value, combined with greater certainty of outcome.
 
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Last
10.0¢
Change
0.000(0.00%)
Mkt cap ! $5.649M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 200000 10.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 48000 1
View Market Depth
Last trade - 16.12pm 04/07/2024 (20 minute delay) ?
APL (ASX) Chart
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