This was so oversold. At the AGM they could not or would not explain the SP. They said that $2.50 was reasonable new issue, otherwise they wouldn't have raised the capital, I think there are no other examples of others diluting the SP by this much through capital raising. I think that this caused margin calls that forced it to SP $2.50. So now shorter’s are leaving and we move onward and upward. This should be SP $3.50 at least.
what was that, page-9
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Last
$3.09 |
Change
-0.020(0.64%) |
Mkt cap ! $5.905B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.12 | $3.09 | $902.2K | 290.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 87446 | $3.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 93461 | 71 |
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| Last trade - 11.05am 01/10/2024 (20 minute delay) ? |
| IPL (ASX) Chart |