Australian (ASX) Stock Market Forum

Droneshield value while in trading halt

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19 April 2024
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Hello everyone. Please excuse me if this is the dumbest question ever posted on the forum. Since droneshield has been in a trading halt they are losing value, can someone explain why and how. How does my share value go down on a stock that's in a trading hold. I have tried searching the answer but I fear the stupidity of the question may have broken google.
 
As it's in a trading halt until Monday, it hasn't traded.
The last traded price is $1.12 or thereabouts.

The indicative value is just an indication of what the share price would be, if it opened for trading with all the current orders that are sitting on order books (depth).

As the capital raising is at $0.80, I suggest that the current indicative price is totally irrelevant, and usually is anyway until seconds before opening (opening time is not set exactly as a specific time, it is + or - 30 seconds to set time).

Current indicative price may be shown as different by different brokers, depending on whatever...

Hope this helps?

NB; share price once trading again, will often drop or rise to around the capital raised price, as stated here is $0.80.
I'd expect a big slump on Monday morning, however, it will be interesting as Droneshield has become a market Darling of late.

Good luck in the shark pool, those waters are infested and teeming with biting critters.

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