I just don't get it. 2 Questions....
1. Why do retail shareholders subscribe to the placement at $0.85 when they can buy the shares on-market at prices as low as $0.635? Maybe somebody who subscribed to the placement can explain why they did.
2. Why did the share price drop to $0.635 after the placement to "sophisticated" & institutional investors at $0.85 especially since the MD described the placement as "heavily over-subscribed?" You would rightly assume the "sophisticated" & institutional investors will gleefully buy more shares on market once the price drops below $0.85. Thereby, preventing it dropping much below $0.85.
My Grandpa Freddy once said the sharemarket is the orderly transfer of wealth from the village idiot to the smarties. Is this what he was referring to???
Cheers,
hih
I just don't get it. 2 Questions....1. Why do retail...
Add SLR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.47 |
Change
0.013(0.86%) |
Mkt cap ! $1.378B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.48 | $1.46 | $1.611M | 1.097M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 53851 | $1.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 27805 | 18 |
View Market Depth
| Last trade - 14.12pm 30/04/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.46 |
Change
0.013 ( 0.24 %) |
||||
| Open | High | Low | Volume | ||
| $1.46 | $1.48 | $1.46 | 1135473 | ||
| Last updated 14.33pm 30/04/2024 ? | |||||
| SLR (ASX) Chart |