Price held up OK considering that number of sales today.
6.8M shares changed hands.
Will we see a new substantial holder soon or an update from an existing holder as a buyer/seller?
Why do these buyers consider this price to be worth it? Could it be that there is a reasonable chance ordinaries are worth more than current price? I actually thought that with EBIT improvement SP would recover in anticipation of improving asset value but obviously that is not the case...at least not yet.
The market hates risk these days. Maybe the market wants to hear the detail about the size of the winning binding offers for the big assets before they determine that the risk is reducing... I would have thought the annual results were at worst unsurprising and at best showing improved EBIT which should help asset sales price.
Interesting times....
good luck to all.
who is buying and why?
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ELD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$9.23 |
Change
-0.110(1.18%) |
Mkt cap ! $1.458B | |||
| Open | High | Low | Value | Volume |
| $9.25 | $9.33 | $9.13 | $3.223M | 348.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1471 | $9.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.26 | 890 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| ELD (ASX) Chart |