The questionable logic of QAN in pitching the new issue price at $4.20 is currently costing the small investor heaps.
Assuming the small investor holds 8,200 QAN he will be offered another 1,000 at $4.20. Based on the previous QAN close, if one takes up the offer then the average price for the 9,200 will be $4.64.
That compares to the current price of $4.44.
Ah well, at least the insto's will be able to book a healthy trading profit by arbitraging their allocations.
Small investor being crucified.
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 (20min delay)
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Last
$6.07 |
Change
0.160(2.71%) |
Mkt cap ! $9.890B | |||
| Open | High | Low | Value | Volume |
| $5.90 | $6.10 | $5.89 | $45.33M | 7.505M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20749 | $6.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 24158 | 2 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$6.06 |
Change
0.160 ( 2.64 %) |
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| Open | High | Low | Volume | ||
| $5.90 | $6.10 | $5.90 | 5557706 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| QAN (ASX) Chart |