From what I have heard, about 30m of the 78 million coming out of escrow will be sold. Indicative price range as of Friday 5 to 5.25. Last time I looked I think there were about 10m shorted shares that shorters will probably want to cover. Dollar down over last few days plus v high publicity around sell down will probably make this sell down popular to buyers. But a wild card is the potential for holders of escrowed stock to increase the size of the sell down if there is a strong demand at a high price. This would reduce price spike potential after the sale. I'm interested in buying some of the sell down stock but am a bit conflicted because I don't like buying anything Macquarie is selling.
From what I have heard, about 30m of the 78 million coming out...
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Last
$5.06 |
Change
0.090(1.81%) |
Mkt cap ! $1.578B | |||
| Open | High | Low | Value | Volume |
| $5.02 | $5.09 | $5.01 | $3.732M | 737.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3296 | $5.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.06 | 3392 | 3 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| IPH (ASX) Chart |
