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
$1.13 |
Change
0.015(1.35%) |
Mkt cap ! $317.9M | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.13 | $1.11 | $6.475K | 5.77K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 328 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 4243 | 12 |
View Market Depth
| Last trade - 11.05am 01/10/2024 (20 minute delay) ? |
| OBL (ASX) Chart |