Omnivariant is causing a lot of panic in a lot country's & stocks this morning ,its here to stay scary as it may seem .Report pretty much as expected good work Radius.
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Same feelings here as well...
Hope O stays out of NZ...
Very low volumes. Looks like 2 or 3 folk need their money the last few days pushing SP sub 0.50. No real sense of urgency to buy with current media news. Therefore a bit of downwards pressure on SP by those few who need their cash. But no real volume selling at all, so not indicative of a downtrending SP. Basically just meandering sideways. Buyers will likely re-enter when looks like SP is rallying back up towards previous Cap Raise price.
If the local Radius RV is anything to go by, I wouldn't touch them with a 40 foot barge pole.
RAD been listed for a year now.
I thought they were taking the mickey out of the market when they set a listing price of 80 cents
And then no existing shareholders sold any shares until it had been bid up to over $1.60 ….but finally sold some to a few ‘smart’ investors …..some even bought at $1.82 started …..before closing opening day at $1.75 ……pure speculation …….that’s wow stuff
The enthusiasm didn’t last long and the shares fell back to the 80 cents to $1 range …..still outrageously over priced
They wanted some extra cash so seduced punters with an offer of shares at 52 cents …..a price RAD obviously thought was not too outrageous …. the 52 cents (underwritten at 50 cents) was so ‘cheap’ investors couldn’t get enough ……another wow event.
Been downhill the last month as reality hits home …close last week 47.5 cents …on its way to sub 40 cents I reckon
I might get interested in low 30’s
Listing has achieved one thing for Radius ….they managed to achieve a $50m capital raise …. thats what markets are for …..and no doubt the insiders now know what they are worth on paper …..but other investors I suppose there are a few disappointed ones.
Would be an interesting experiment for someone to try putting a sell order in for 10,000. Would be nice to know in advance and be ready to place a buy order right away. So let us know in advance if you plan to ;) But I would say the SP would very quickly rally back up off a short dip to 0.40 straight back up to market open 0.48. Doesn't appear to be any volume selling at 0.48 so doubt would be many sellers who would drop sell orders down that low. In turn buy orders would quickly surmount back up to where it has currently been trading. Very hopeful if looking for an entry in the 0.3's, 0.4's will likely be best bet before any rally in 2022 back up above 0.52 Cap Raise.
I was one of the few disappointed ones. NZX 101 from Rad---SP does not raise because of those meme buyers and sellers, it reflects the enterprise's current capability and strategy for future growth. The SP was helly cheaper than other rest home companies but it should never be the main incentive for an investor to buy--it was cheap for a reason.