Australia's largest stock trading and investment forum Australia's #1 stock forum

SE1

Click for more information

2.53%

8.1¢ sensera limited

Ann: Appendix 3B & S708A notice, page-20

First 20 Last

Share
Profile

Follow
tuboshu1986

505 Posts.

53

19/03/19

18:37

Post #: 37814585
Share

Originally posted by Wilson4 ↑

Hi Lefevre, “capping” is defined as the following:

1. The practice of selling large amounts of acommodity or security close to the options expiry date in order to prevent arise in market price; or2. Anattempt to keep a stock's price low or move its price lower by putting sellingpressure on it.

Capping can serve many purposes. For example, the share price of SE1 was arguably capped in the lead up tothe recent CR to ensure a favorable price – 11 cents. If the share price had been higher, then the raise price would have been higher and therefore not as advantageous for the buyer. I am not sayingconclusively the share price is being capped at 13 cents – I am just strugglingto reconcile why anyone would offload so many shares at this price when clearly there is very strongdemand which is evidenced by the volume. It does not make sense IMO. Capping is also commonly employed prior to a take over bid; keeping theprice low ensures the bid price appears favorable. Hope this helps with your understanding of capping, seriously

Expand

Those who got shares @0.11 from recent CR may be keen to offload some @0.13, as for them already 2 pips profit, purely my guess and need to find out the truth from the Broker Data after three days.

SE1 Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

HotCopper highlights From the Floor: RIU Uranium Investment Day

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

BME

Working to build a viable uranium resource in Senegal

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 36 more messages in this thread...

First 20 Last

Add SE1 (ASX) to my watchlist