If the underwriting institutions wanted the stock, and they could act in unison, they would sell stock on the closing date and hit the SP to influence retail not to take up the offer, so they get the stock themselves. It would be uneconomic to buy to support the share price for weeks. Not saying I know what the SP will do.
If the underwriting institutions wanted the stock, and they...
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Last
$2.36 |
Change
0.070(3.06%) |
Mkt cap ! $1.182B | |||
| Open | High | Low | Value | Volume |
| $2.30 | $2.38 | $2.26 | $1.904M | 823.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 16215 | $2.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.37 | 19867 | 20 |
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| Last trade - 15.56pm 01/08/2024 (20 minute delay) ? |
| IMD (ASX) Chart |