Actuallylooked at IPL and decided to not bother after management was trumpeting howwell the fertilizer business was going – thinking there would be no cap raise.Got that wrong.
My ideawas to buy into reasonable quality profit making companies at a discount. Thestrategy that worked well in the GFC hasn't worked this time because SPP issueslook like they will be pretty much all on a pro rata basis. Add to that themassive over subscriptions we are seeing, unless you have a large holding youprobably won't get much. IPL will probably be similar. Ihave now sold all of the small holdings I had since it doesn’t seem worthwhile.
Ann: Equity Raising Investor Presentation, page-12
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Last
$2.88 |
Change
0.020(0.70%) |
Mkt cap ! $5.593B | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.91 | $2.87 | $11.11M | 3.854M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 172854 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 15695 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IPL (ASX) Chart |