The company should still be around 25cents as thats what it floated at. what is the reason for it to go down as nothing has changed??
this happens with every commsec IPO
its heavily oversubscribed closes early and then BAM
on the first day its down.
Does anyone remember KEY petroleum (key.asx) it was heavily oversubscribed in 1 or 2 days
have a look at the chart it went no where.
If it was any other IPO it would ahve went up 300%
my conclusion is that any IPO commsec has is shit
something is wrong with the picture and i keep hearing the same story about commsec ipos
maybe i am wrong. This is only my thought so i could be wrong..
The company should still be around 25cents as thats what it...
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Last
4.7¢ |
Change
0.001(2.17%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 4.6¢ | 4.7¢ | 4.6¢ | $12.68K | 275.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1019788 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 543076 | 3 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| MEU (ASX) Chart |