retail barely ever features in the trading of IOOF.
I think fair value considering the headwinds is probably $8, but with some momentum and 9% shorted which has costs associated with the borrow, and they also have to pay the dividend, so imo there’s a good chance this will over shoot on the upside too, as the shorts progressively close out. They won’t want to be the last one without a seat in musical chairs...
seven dollars, page-11
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Last
$2.62 |
Change
-0.030(1.13%) |
Mkt cap ! $1.703B | |||
| Open | High | Low | Value | Volume |
| $2.65 | $2.67 | $2.59 | $2.404M | 918.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5853 | $2.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.62 | 12998 | 4 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| IFL (ASX) Chart |