Best placements are done at a premium, involving a quality cornerstone investor.
21c is no premium. It is not even a small discount.
However, if the US fund is top notch and holds onto their shares, rather than selling any, then that is worth something.
$40m placement represents a decent chunk of BOT's market cap. If the lion's share gets allocated to Australian sophisticates, that means those potential would-be buyers on market will have got their fill in the placement and not be buyers for many months post-placement. What’s worse, maybe a decent chunk of the placement shares will get offered to opportunistic players, planning on doing a quick flip!
I guess we have to wait and see...one of Vince's jobs was to raise quality money! With emphasis on word quality!
It's a sentiment thing... we have to wait and see if the good overpowers the bad.
Cornerstone Placements at a premium aren’t a fantasy: they used to happen once!
Why is Botanix glued to Argonaut? Why haven’t they found someone better?
- Forums
- ASX - By Stock
- BOT
- Ann: Trading Halt
Ann: Trading Halt, page-90
-
- There are more pages in this discussion • 142 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BOT (ASX) to my watchlist
|
|||||
Last
34.3¢ |
Change
-0.018(4.86%) |
Mkt cap ! $651.6M |
Open | High | Low | Value | Volume |
36.0¢ | 36.5¢ | 34.0¢ | $551.6K | 1.566M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 444272 | 34.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.5¢ | 219888 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 207819 | 0.340 |
11 | 217450 | 0.335 |
11 | 415508 | 0.330 |
8 | 459185 | 0.325 |
9 | 413135 | 0.320 |
Price($) | Vol. | No. |
---|---|---|
0.345 | 219885 | 5 |
0.350 | 302478 | 6 |
0.355 | 296605 | 3 |
0.360 | 489868 | 7 |
0.365 | 501794 | 6 |
Last trade - 13.25pm 20/08/2024 (20 minute delay) ? |
Featured News
BOT (ASX) Chart |