Pete
SHG will be lucky to make 6 months,judging by the quantities of shares someone(has to be a deal maker)is dumping on the market when there is heavy buying.How can SHG only rise at 10-12c a day when 700,000-1,000,000 shares are traded.The most depth available I,ve seen is 500,000 and that runs out to near $3.00,but as it runs resistance follows very quickly,and caps our price for the day.
Remembering 80% of the company is held by the top 20 shareholders,there isn't enough stock on offer for this to continue.Day traders would have no advantage or hold enough to stop the run up either.
This is still an outstanding position to be in as the dutch auction begins after a first offer,and A lot more players now that the locals hadn't counted on is all good news for shareholders.
Pete SHG will be lucky to make 6 months,judging by the...
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Last
8.5¢ |
Change
-0.002(2.30%) |
Mkt cap ! $17.57M | |||
| Open | High | Low | Value | Volume |
| 8.7¢ | 8.7¢ | 8.1¢ | $27.52K | 326.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 237249 | 8.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.5¢ | 179950 | 1 |
View Market Depth
| Last trade - 15.33pm 16/08/2024 (20 minute delay) ? |
| SHG (ASX) Chart |