Very strong action into todays close, $1.45- $1.47 whatsup ?
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Very strong action into todays close, $1.45- $1.47 whatsup ?
The sell-off after the listing/cap raise leak was typical market over-reaction. People are buying the dips as nothing has really changed. If the listing on the Aus exchange is going well, as PEB state, then it is still most likely to occur this month, with or without cap raise. I'm picking a good SP uplift on the back of getting access to a bigger and broader range of investors.
Disc. Holder.
I wonder if the market is expecting an upsurge in demand from Australia and USA which will then naturally lead to Europe. Evidence has been collected now for over 7 years and with the majority of NZ DHB’s adopting Cxbladder as the gold standard along with the relationship with Kaiser, more and more evidence is being accumulated and documented, and it’s positive.
My other theory is, possible insider info. That’s a fairly big move right on the close. Someone is keen all of a sudden although not sure how many sellers were taken out to get that move?
Pure speculation on my behalf only.
Might just be a run-up in price as it is expected to list on the ASX on the 23rd of September.
https://www2.asx.com.au/listings/upc...s-and-listings
The original listing with the capital raise details, had that date as well. Looks like they are shelving the capital raise for now perhaps - although who can really tell? It does seem they are sticking with the 23/9 listing date which is good - the sooner the better!
I wonder if they have dropped the CR because an institutional investor in Australia has been granted a placement of shares at an agreed price similar to what the ANZ did in NZ?
To be disclosed to the market before Sept 23rd
Interesting article by Tim Hunter in today's NBR. His theory is that the capital raise on the asx could have been pulled if an offer from a third party had presented itself. Guess time will tell.
Yes - Tim Hunter is speculating the Board pulled the CR due to a possible overseas acquisition offer. I sincerely hope that's not the case - it's far too soon for this company to head off to what is eventually likely to be US ownership.
He does emphasise though that his comment is "just a hypothesis with no evidential basis".