Whilst a correlation exists between the entitlement offer and the sp they interact, however this correlation only exists while an impact one on the other exists. Today the need to partake in the entitlement and therefore free cash made a strong and possible the only direct correlation we will see. As soon as this correlation disappears so does any connection between the entitlement offer and the sp, basically the entitlement offer is of no further relevance as far as on going sp price is concerned. We could also add the closed local overseas markets that would be mostly non entitlement markets or net buyers but for holidays should point to something.
I hope this is helpful.
DYOR!!!
will we see a bounce tommorrow???, page-13
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Last
$7.60 |
Change
-0.150(1.94%) |
Mkt cap ! $7.103B | |||
| Open | High | Low | Value | Volume |
| $7.64 | $7.69 | $7.56 | $20.43M | 2.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29813 | $7.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.60 | 121468 | 3 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |