New investors & institutions will be allotted their shares & start trading on 2 June. So next week will see what they are going o do with their 12c shares.
Retail investors however will only get their shares on 16 June - 2 weeks later!
So retail investors will have an interesting 2 weeks to watch the share price action before they get their allotment and shares.
That is why I went short SKT with my CFD provider a few days ago at 19 cents and again yesterday at 18.8 cents. That way you get ahead of the inevitable wave.
That is why I went short SKT with my CFD provider a few days ago at 19 cents and again yesterday at 18.8 cents. That way you get ahead of the inevitable wave.
This is why the stock will bounce back to 20 in a couple of weeks at the expensive of the "see weeds".
This is why the stock will bounce back to 20 in a couple of weeks at the expensive of the "see weeds".
Don't get me wrong, I am taking up my entitlement at 12 cents and will get out of my short as well. But its the retail investors that get screwed because many will panic and not take up their 12 cent rights and the underwriter will go thank you very much.
The whole thing has been a crock of ****. Us retail holders who really NEED TO participate do not get their shares to June and then by then the share price will probably be under 10c at the rate its going- not happy.
Do you think some retail investors will be selling today at 15 and then buyback this week or 12? Might that have a connection on the downward share price today?
Originally Posted by winner69
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