RYM has badly under performed the others and the NZX 50 in recent years and is still very, very expensive on any comparative metrics.
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Yeah Joh , that's got my curiosity too.
Seems the last few weeks we've gone from very significant off market trades and small on market trades to this pattern of the last few weeks being consistent and unabating small trades only done on market.(very little off market)
And it only really gets cranking after lunch.
From this pattern it would seem that a rerating has occurred with the mum and dad Aussy investors??? Of course that's not true , buggered if I know.
But it's nice to see the little ol` company being popular for a change regardless of whoever it is wanting in.
Are there any traders out there with some theory to fit this pattern?
Over 1 and half mill changed hands just at closing. I see a takeover coming at 1.60 maybe. Something is up. Just waiting for the notice to see who it is.
Total volume was 2.9m shares traded. I think that's about 0.4% of shares on issue, although that's up on average volume of about 888k shares, it's still no big deal really, probably just some insto buying some more for their clients (like Forbar who currently pitch it at TP $1.80).
If it was a 2%, 5% move or more I'd be wondering. What makes you think a T/O is coming?
Agents starved for listings https://www.nzherald.co.nz/business/...JNXEV4F7MLGBE/
And he suggested 1.60 as a TO price? I think it's possible we will finish this week back at 1.60