That is laughable. A massive vote of confidence? They placed the shares at a discount. It's a material dilutionary event. And Insto's soaked it up? Give a decent enough discount they'll soak anything up. Just don't expect the register to be reliable afterwards. I'd hazard a guess 50% of the take-up will be moved out at the barest of margins within 6 months. If it happened before the EOFY I wouldn't rule out several to take the money and run, if there is any marginal premium post re-open.
Ann: Opthea Completes Placement & Institutional Entitlement Offer, page-34
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34.5¢ |
Change
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Mkt cap ! $376.5M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 35.0¢ | 34.0¢ | $402.5K | 1.164M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 506452 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 1059809 | 5 |
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