ERD - ERoad. (Transport sector technology)

[ronaldson]

The underwriters have a fair idea on something I think….

That must be correct.

[Bikeguy]

It’s running up against a decent test now, be interesting to see the strength of this

[Bikeguy]

Ok, guess that answers that, took out the resistance in one 150k hit…this is interesting

[winner69]

Yep, when things get on a rol anything can happen eh

Maybe corporate action befor Xmas break?

[Bikeguy]

Yep, when things get on a rol anything can happen eh

Maybe corporate action befor Xmas break?

It’s an interesting one for sure, I’m picking that takeover play is not as closed as it might seem, there is a reason those underwriters are holding back from offloading

[ronaldson]

Expect an NZX price enquiry to be made on Monday. Some of this may be due to momentum traders but there is an underpinning of substance to generate this price action over such a short period.

Next week may reveal how/what it is. Glad I re-entered, just regretting I wasn't more assertive with a larger position.

[Bikeguy]

Expect an NZX price enquiry to be made on Monday. Some of this may be due to momentum traders but there is an underpinning of substance to generate this price action over such a short period.

Next week may reveal how/what it is. Glad I re-entered, just regretting I wasn't more assertive with a larger position.

I feel you will be right about Monday, that was a pretty interesting day…

[ronaldson]

I feel you will be right about Monday, that was a pretty interesting day…

Indeed, and still powering upward this morning!

[Bikeguy]

Indeed, and still powering upward this morning!

Clearly the underwriters knew they were going to end up having to take up a large number of shares with the recent capital raise, and the board had to accept the price they were willing to do that at,
These underwriters are no fools, and they go in eyes wide open, there is no way they are holding these shares because they were “ surprised “ by the lack of uptake, they got them at the price they wanted. They know something.

[Rawz]

But also they couldn’t sell even if they wanted to. No buyers unless they wanted to push the SP back down to the 40cent range