No - we have an institutional buyer keeping a lid on prices. The number of shorts in the last three months has tripled. Whoever it is, is accumulating shares as cheaply as they can - knowing that this past 6-12 months is the largest revenue/profit that OBL has had for a long time, plus the transition to a funds model will provide sizeable and more consistent cashflows. Goldman Sach's are currently estimating ~$0.40 dividend a share in FY23. Not a bad return for whomever is keeping a lid on prices.
What the, page-6
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Last
88.0¢ |
Change
-0.040(4.35%) |
Mkt cap ! $248.6M | |||
| Open | High | Low | Value | Volume |
| 90.5¢ | 92.0¢ | 87.5¢ | $160.8K | 178.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2199 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 89.5¢ | 7000 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| OBL (ASX) Chart |