Why would a company that has been bringing in a lot of cash suddenly want to raise such a large amount? Maybe the sector has been flooded with new technology from the hundreds of other companies that have moved into this space, if I was running the company and the opposition started to flood the market with high tech and cheaper options then I would be raising as well, the company may lose market share and find it more difficult to snare large contracts but at least my directors fees and pay packet will not suffer the consequences such as the share holders. This is only my opinion from my studies on human nature over 65 years.
Especially to do with the stock market.
Ann: Successful Completion of $120m Underwritten Placement, page-237
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$1.09 |
Change
0.075(7.39%) |
Mkt cap ! $950.5M | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.09 | $1.02 | $22.75M | 21.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25001 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 108609 | 10 |
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