No reason you cant be both. It was an obviously bad decision for shareholders. Good for management, poor for shareholders.
Will be down >20% on open. And that was easily foreseeable at the time they made the decision. That makes it "not in the interests of shareholders".
I sold on open, and will consider buying back in at or below 80. Which it obviously will if you dilute this much. If not, I can always buy $30k in the SPP and dilute even further. Which is fine. Realistically it'll rebound to 90ish in a month or two.
if they hadn't done it though, it'd probably be $1.20 right now though.
Ann: Completion of Upsized Underwritten $100m Placement, page-22
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Last
$1.17 |
Change
0.005(0.43%) |
Mkt cap ! $1.020B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.21 | $1.16 | $12.85M | 10.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14159 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 93881 | 10 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| DRO (ASX) Chart |