Well it looks to me like SXL is skirting close to covenants, and maybe writedowns are due too. But significant dip buying. Maybe there is some belief that a takeover might be coming. Otherwise the market simply feared worse.
My worry also is that there could be a crap raise as well - lol. That makes this quite an unpredictable stock if I am right about that. If I held I would want to keep some spare cash available to avoid possible dilution.
However really looks like a stock you would not want to short - lol.
Good luck to long suffering holders
value, page-18
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 (20min delay)
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Last
54.5¢ |
Change
-0.035(6.03%) |
Mkt cap ! $119.9M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 57.0¢ | 54.5¢ | $115.1K | 207.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1800 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 476 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| SXL (ASX) Chart |
