I've only been in IMM for 12 months and appreciate I may have a much lower entry point than long term holders - but there is a lot of negativity here.
Nobody likes a CR, but huge volume traded today already and a VWAP of 2.3 cents. How often do you see a stock trading 10% above a CR price? They picked up $6m in insto money and by the look of trading today, the $4m retail offer will be over-subscribed.
Considering the retail entitlement is 1 for 11.8 (8.5%), there's not an awful lot of dilution, particularly if market prices stay above the 2.1 cent offer price. Even if you had 1,000,000 shares at average entry price of 5 cents, taking the retail offer is only going to average your price down to 4.8 cents.
I have very limited knowledge of the science at play here, but feel that the opportunities for IMM are exciting. Only a spec play for me, but I'm happy with where it's at.
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Last
35.5¢ |
Change
0.060(20.3%) |
Mkt cap ! $515.6M |
Open | High | Low | Value | Volume |
36.0¢ | 37.5¢ | 33.5¢ | $6.427M | 18.03M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 35.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 133736 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.355 |
2 | 9500 | 0.350 |
4 | 199315 | 0.345 |
10 | 84868 | 0.340 |
2 | 10985 | 0.335 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 96182 | 4 |
0.365 | 81517 | 4 |
0.370 | 150545 | 8 |
0.375 | 156434 | 4 |
0.380 | 167642 | 11 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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IMM (ASX) Chart |