Yes - I also recognized that. The SP in Australia already would be higher without that capping actions.
There are some possible explanations:
1) Some sell for financing their options and have no real time data available. But: I do not really believe that they would sell in this way. If yes: it will be finished very soon.
2) One or two existing major shareholders sell because they need the money as they did in the recent past. It now is the same pattern we saw some time ago: but this should be finished also very soon.
3) Somebody wants to buy a lot of ARU shares and just does not like a high SP - not yet. So he periodically adjusts the SP by selling some shares aggressively. I also saw that type of pattern one or two weeks ago. But in the end the SP rises; may be a little bit slower than without that action.
4) Somebody prepares for capital increase or other mid term actions.
I think it is reason number 3 because it was done so obviously. We will see soon.
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- why the capping at 1.10
Yes - I also recognized that. The SP in Australia already would...
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $450.5M |
Open | High | Low | Value | Volume |
19.5¢ | 20.5¢ | 19.3¢ | $868.6K | 4.398M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 131969 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 2059581 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 131969 | 0.195 |
18 | 806308 | 0.190 |
29 | 1125351 | 0.185 |
52 | 3172948 | 0.180 |
33 | 2079047 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 1059581 | 12 |
0.205 | 2018744 | 25 |
0.210 | 2608185 | 27 |
0.215 | 781451 | 13 |
0.220 | 857241 | 19 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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ARU (ASX) Chart |