"· Retail shareholders apparently took up 53% of their entitlement offer at A$13.50/share and this also now appears unlikely to be scaled back by WES."
I'm not sure if what they are saying makes sense. The "entitlement" (3/7) part was guaranteed, so there was never a question of that part being scaled back.
Regarding applications for additional shares at $13.50, Wesfarmers never indicated what amount they would accept before deciding to scale back. Since they indicated they expected only 20% take-up of the entitled part, it is possible that they were planning to only offer additional shares to meet any shortfall under 20%. This could mean no additional shares will be issued. This is pure speculation on my behalf. I just don't see why 53% take-up in itself implies no scale back.
retail offer take-up, page-4
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WES (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$66.85 |
Change
-0.670(0.99%) |
Mkt cap ! $75.81B | |||
| Open | High | Low | Value | Volume |
| $67.67 | $68.18 | $66.85 | $343.6M | 5.198M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $66.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $66.97 | 1578 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| WES (ASX) Chart |