Really good question Colonnade !
Yes its the same Patersons. Perth broker that specialises in underwriting a lot of spec raisings. Based on the large sales that went through market in the weeks immediately after the cap raising i concluded that they disposed of the 10M short fall they were lumbered with. There were on 1 day 4 x 1.5M parcels that went through pre market opening. Add to that the vicious sell down to $0.33 on large volume.
They are in the business of underwriting. For which they earn big fees. Holding a shortfall in a spec in the hope that it will rise in value is not generally their M.O. It could be a quick way to go broke if you get it wrong.
However based on deductive reasoning i'm just speculating they no longer have that shortfall holding.
Really good question Colonnade !Yes its the same Patersons....
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.5¢ | $11.37K | 98.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89603 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 113500 | 3 |
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| Last trade - 15.48pm 29/11/2024 (20 minute delay) ? |
| PEX (ASX) Chart |
