'The stock is extremely liquid, any institution wishing to take a position can easily get one on market.'
- not without paying much more than 80¢
- BellPotter most recent analysis "Flying High' 15 April upped their target to $1 with assumptions on sales targets being met! So Cr is a reasonable 20% discount. say the stock had flown to $1.50 on Trading halt ..they couldn't of raised $100m at $1.20 (20% discount) now could they.
We last closed at 83.5¢ that 4.3% above CR so those feeling sorely done by have little to complain about
Unlike an SPP, theres an underlying assumption that a CR to Instos and Sophs is entered into with rigorous due diligence and some privileged insights and so establishes a valuation, 80¢ in this case, that has been issued at a discount to true present value.
The financial elite are not going to buy in to a CR unless its at a discount to true valuation.
A$100m raised at 80¢ is a huge endorsement ,,and now that they, the pro's, have some skin in the game they will be incentivised to support the share price.
I understand many are upset,, but the reality is that this CR structure is what is needed for the next stage of growth.
When a prospective client does due diligence into Droneshield one of the first checks will be cash balance, cash burn /qtr and the top 20.
On that basis the CR will be a greatly increase the chance of securing outsize contracts.
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Last
83.0¢ |
Change
0.020(2.47%) |
Mkt cap ! $584.6M |
Open | High | Low | Value | Volume |
82.0¢ | 83.5¢ | 80.5¢ | $5.333M | 6.520M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 20352 | 83.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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83.5¢ | 206000 | 3 |
View Market Depth
No. | Vol. | Price($) |
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2 | 4971 | 0.830 |
4 | 256895 | 0.825 |
4 | 263670 | 0.820 |
4 | 73436 | 0.815 |
10 | 434037 | 0.810 |
Price($) | Vol. | No. |
---|---|---|
0.835 | 176000 | 2 |
0.840 | 43925 | 7 |
0.845 | 223122 | 5 |
0.850 | 129309 | 6 |
0.855 | 56000 | 2 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
83.0¢ |
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Change
0.020 ( 2.48 %) |
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Open | High | Low | Volume | ||
81.5¢ | 83.3¢ | 80.8¢ | 1879991 | ||
Last updated 15.59pm 03/05/2024 ? |
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