I think expectations should still be in the $30-$50 million range for the property sale.
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I think expectations should still be in the $30-$50 million range for the property sale.
Last trades tomorrow pre-consolidation and trading halt on Wednesday, normal trading resumes Friday.
Extended Auckland lockdown should help keep those Sky subs sticky...
Adolf Ardern has locked us up for another week!
Saint Bloomfield is kind though. He says if we (Auckland) obey him to the letter of the law he might let us get takeaways next week...
I have a feeling this might hit $2 by Friday.
For me personally the 0.5c spread has stopped me day trading it. Not interested in the risk/reward a large spread presents. Might be able to play the game of ping pong making the 0.5c a few times, but the one time you get it wrong will erase all of those profits. I think we'll see a spike in volume again once the spread is much tighter on Friday.
Disc: long term holding and swing trades untouched.
I’m always amazed at the psychological impact from share splits or consolidations, even within my own thoughts despite being very much a believer in the fact it changes absolutely nothing fundamentally with the company.
For instance I am actually wondering aloud whether a takeover offer may be more successful post consolidation vs now, as for some reason I think a $2.50 per share takeover offer sounds like a better premium over $2.05, than a 25c per share takeover offer does over a 20.5c share price, despite being the exact same percentage premium.