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
-
- There are more pages in this discussion • 33 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 OPT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
40.0¢ |
Change
0.015(3.90%) |
Mkt cap ! $486.2M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.5¢ | 38.5¢ | $280.0K | 706.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 46299 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 32236 | 6 |
View Market Depth
| Last trade - 12.37pm 24/07/2024 (20 minute delay) ? |
| OPT (ASX) Chart |