Well they took advice and engaged someone to do the CR
" Euroz Hartleys Limited and Shaw and Partners Limited acted as Joint Lead Managers for the
Placement"
IMO they pumped the price a bit to get the offer away and perhaps some of the placement holders have started off loading shares that they already held in advance of receiving new shares. Overall market sentiment seems to be declining right now so traders and other profit takers have decided to exit. The timing is unfortunate and it will be surprising if the SPP gets many takers.
So yes, in the next few weeks we might see a lower price still for anyone who wants to top up at around $1.
Placement holders hopefully forward sold in advance at higher prices, or they are going be unhappy.
Ann: Share Purchase Plan Offer Booklet, page-13
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Last
$5.07 |
Change
0.070(1.40%) |
Mkt cap ! $1.200B | |||
| Open | High | Low | Value | Volume |
| $5.00 | $5.08 | $4.95 | $1.996M | 397.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 264 | $5.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.07 | 5917 | 2 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| SLX (ASX) Chart |