I'll tell you what I think is going on:
A very illiquid stock starts to pay dividends in the form of in-specie distribution of an even more illiquid stock, which happens to represent a large part of the NTA of the dividend paying stock. Both stocks are interest rate sensitive businesses in a world in which interest rates had been rising. And then a tax-loss selling window opened (but has since shut).
One would be very hard pressed to point to a more perfect storm.
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I'll tell you what I think is going on: A very illiquid stock...
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Last
44.0¢ |
Change
0.005(1.15%) |
Mkt cap ! $73.83M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.5¢ | 44.0¢ | $16.04K | 36.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 86608 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 45000 | 2 |
View Market Depth
| Last trade - 15.56pm 14/10/2024 (20 minute delay) ? |
| BWF (ASX) Chart |