Well it wasn't a huge days trade in SKW or SKWN shares less than a million of each changed hands. As for the hope of a boost in share price, sorry guys just didnt happen.
SKW opened at .235 peaked at .24 and during the afternoons trade it moved down to .215 with a couple of trades at .21 The last trade was an overnight crossed trade at .21
SKWN opened at .24 there was a small trade at .25 and the rest of the days was at .23
The reason there are the two listed is SKWN is still cum offer by Captivevision Capital Limited, essentially they are underwritten at .23 as Captivevision are seeking to aquire them.
They hold 28.5% at present, be interesting to see how it plays out.
At the end of trade today the ex offer shares SKW there were 1.67 Million on offer and bids for 380K at a guess unless there is some interest tomorrow they will drift below the issue price, and depending on how jittery the smaller players get &/or if the instos are waiting in the wings to start buying it may be an interesting next couple of days. The open in the morning will hopefully give some clue
Seems the biggest trade today was in SKWO, the 31 january 2006 .20 options they traded as high as .04 on 3.6 Million turnover. Looks like there are some people that have faith that the share price will improve in the next 12 months, or they like the leverage, as they have essentially paid 24 cents for shares that are trading at .21
Nice play for the people that got the options for free as part of the rights issue & float. I think i would have been tempted to unload something that cost nothing at .04 too
Ahhh the airline business, whats the saying.. to make a small fortune out of the flying business you just need to start with a large one
