1. If you want something, bid as high as possible to deter other potential bidders.
2. If there is no deal = SP bounces back because there is no change in company fundamentals.
3. If a deal = a larger table to accommodate more guests, restorable impact on the short-term balance sheet quality while very positive for company growth in the long run.
I assume some whale has been swallowing cheap SLR shares while actively short the SP; I will not be surprised to see the SP surge when the dust settles.
why bid so high, page-2
Add SLR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.49 |
Change
0.020(1.36%) |
Mkt cap ! $1.399B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.51 | $1.49 | $2.289M | 1.530M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 57834 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 27568 | 12 |
View Market Depth
| Last trade - 11.48am 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.49 |
Change
0.020 ( 1.80 %) |
||||
| Open | High | Low | Volume | ||
| $1.49 | $1.51 | $1.49 | 341634 | ||
| Last updated 12.04pm 10/05/2024 ? | |||||
| SLR (ASX) Chart |