The ANZ capital raising at $13 has killed off the stock price temporarily. Major capital raising ALWAYS damages the stock price in one way or another
Once the new shares are on the market - late November ANZ will recover - don't worry.
If you are confident in the aquisition that ANZ has made then you just have to patient, take a medium term view and take the hits.
In the short term they are going a lot lower IMO - look for a bottom around late 17 Nov? when the rights trading ceases.
Check out the price patterns for other stocks that have undergone major capital rasings - there are distinct similarities to what is happening to ANZ
Cheers,
Christian
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Last
$29.95 |
Change
0.000(0.00%) |
Mkt cap ! $89.86B |
Open | High | Low | Value | Volume |
$30.07 | $30.19 | $29.87 | $93.70M | 3.123M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 66 | $29.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$29.96 | 21972 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 66 | 29.930 |
4 | 23691 | 29.880 |
1 | 1000 | 29.870 |
1 | 12527 | 29.860 |
2 | 3435 | 29.850 |
Price($) | Vol. | No. |
---|---|---|
29.960 | 18607 | 2 |
29.970 | 9835 | 5 |
29.980 | 19803 | 2 |
29.990 | 39696 | 5 |
30.000 | 48194 | 27 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
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