Todays action is not unexpected. There is a real danger the take up won't be as solid at the 8c level now it's trading almost at 8c.
If there is a positive the spp at 8c won't see any further dilution should it all be taken up if the sp stays where it is.
Also why participate in the spp when you can get what you want on market at same levels
Not a sound outcome today by FIJ
I have watched so many CRs for small companies and they rarely get ever get priced correctly. Always priced too low than market price and end up diluting the sp.
Should have been done when the SP was around 10c and pegged the SPP at around 9.5c
The SP would have held up
Love to know who gave them the advice to do this at 8c?
Ann: Share Purchase Plan, page-14
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.63M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $2.199K | 260.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 18947970 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 6397804 | 8 |
View Market Depth
| Last trade - 12.57pm 15/11/2024 (20 minute delay) ? |
| CCO (ASX) Chart |