Q: hi 5i
Share price has ticked up and seems to have settled at the lower end of the auction price......As the closing date nears and auction closes how would you expect SP to respond.... in general, would a higher auction price be viewed as positive and how do you think shareholder should view the results...
I am a little surprised the shares have not continued upwards a little more positively....
Would the shares price be expected to stabilize at the auction price or just continue their previous trajectory downward after auction close...
thx
Share price has ticked up and seems to have settled at the lower end of the auction price......As the closing date nears and auction closes how would you expect SP to respond.... in general, would a higher auction price be viewed as positive and how do you think shareholder should view the results...
I am a little surprised the shares have not continued upwards a little more positively....
Would the shares price be expected to stabilize at the auction price or just continue their previous trajectory downward after auction close...
thx
5i Research Answer:
Typically, shares sell off a bit after a Dutch Auction, as investors who tendered typically do...