"institutional shareholders electing to take up approximately 97% of their entitlements."
... then they buy the remaining 2.3% at a 50c premium to the entitlement price.... then today they buy over 13m shares at around a 50c premium (ave) to the entitlement price???
What the heck is going on? I thought 25% dilution meant 25% less for your shares! Apparently not with Downer! Downers market cap has just grown by a massive 25% from a cap raising and the sp is up!
Either the market has changed its mind about Downer or someone is loading up big time! Cant rule out a takeover in play?
capital raising price and amount, page-26
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Last
$5.70 |
Change
-0.010(0.18%) |
Mkt cap ! $3.834B | |||
| Open | High | Low | Value | Volume |
| $5.74 | $5.74 | $5.66 | $834.3K | 146.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 43 | $5.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.71 | 8005 | 30 |
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| Last trade - 13.31pm 11/11/2024 (20 minute delay) ? |
| DOW (ASX) Chart |