"Mercer are manipulating the shareprice at the momment."
Is it manipulation?
Selling shares to fund a future purchase at a discount is a no brainer.
There have even rights offers here where the average punter could do that.
The real concern is if Mercer decides their best play, is not to convert but take the cash.
Hastening the need for a raise at an even more depressed price.
From a profit perspective this could be their best option. Picking up even more shares and cheaper than the conversion price.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-31
-
- There are more pages in this discussion • 29 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 AVR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$15.71 |
Change
0.010(0.06%) |
Mkt cap ! $301.9M | |||
| Open | High | Low | Value | Volume |
| $16.00 | $16.01 | $15.49 | $3.254M | 230.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $15.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.20 | 700 | 2 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| AVR (ASX) Chart |