Really you have to read further into this! This does not set the price for a fall to $2.50 and if it even got anywhere near that I will buy so many more near that price that my whole bluechip investment strategy would be well weighted towards this stock.
I already have my bids in in-case that there are those who don't understand the strength of the company and wish to be the weaker hands. 5 for 13 does not at all mean that they should be $2.50, though the markets today can surprise for a very very short time and recover before you ever get the chance.
I am only new to IPL but have been following for quite some time. To me if I ever wanted a stock that could weather the financial storm this would be it.
entitlement offer 5 for every 13 at $2.50, page-18
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Last
$2.87 |
Change
0.000(0.00%) |
Mkt cap ! $5.574B | |||
| Open | High | Low | Value | Volume |
| $2.88 | $2.88 | $2.85 | $8.479M | 2.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 85309 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 79244 | 5 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| IPL (ASX) Chart |