SiteMinder Limited

ASX:SDR

SiteMinder Limited

ASX:SDR
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$6.34 (+0.3%)
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#34
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23
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Forum Topics SDR SDR SDR All Time High Today

Pinned straw:
jcmleng
Added 2 months ago

Discl: Held IRL and in SM

Very pleased to see SDR make a new all-time-high price of $7.85 today, surpassing its previous all-time-high price of $7.77, which was achieved on the day it listed on 9 Nov 2021. It has never seen this level until today, 3 years 11 months-ish later.

The price did not have sufficient momentum to close above $7.77, settling at $7.72 instead.

It sure has been a bit of a journey ...

50aac41100992f02bb9782759f822d800e4452.png

Since the FY25 results pop, the re-rating has been rather orderly and textbook-like. Probably due for a bit of consolidation and thus expect the price to move sideways a bit, quite possibly down to ~$6.60-ish, which would be very healthy for the price thereafter.

Business-wise, SDR is only at the start of the Smart Platform journey, so will be letting this run for quite some time ...

ba1464c12ca614c494bea195e305149ed21afa.png
wonkeydonkey
Added 2 months ago

Curious why does Google show share price history prior to asx listing ?f049c74b0eb24ebf41947cbfdaf2091c950d0f.png

12
mikebrisy
Added 2 months ago

@wonkeydonkey it is common practice to list using an existing ASX entity. Not sure if this is what happened with $SDR, but I know for a fact it has happened elsewhere. Basically, the existing entity might be the remnant or shell of a failed business, so it is a reverse takeover. As a result, the company retains the price history of the former entity. Another firm where this happened is $PNV. I think it is very common.

19
wonkeydonkey
Added 2 months ago

Thanks @mikebrisy I was thinking down this line but couldn't seem to find the remnants of the previous company ;-)

11