Why would any one be selling this stock at the moment? Current holders will get an entitlement of 1 new stock at 5.5c for every three they currently hold. Attached to those new shares will be a one for three free option.
More importantly the new entitlement will be tradeable, and from past experience, they may go for as much as 1.5 cents. The only thing current holders will have to do to be eligible for the entitlement is to hold the stock at a certain cut off date. That will probably be a week or so after the prospctus is sent to us next week.
Some canny investors will now see an opportunity to buy this stock at the new issue price of 5.5c, hold for a short time and sell the entitlement at a nice profit. In my view people shouldn't be selling this one under 7c at present
- Forums
- ASX - By Stock
- BUR
- cap raise
cap raise, page-4
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BUR (ASX) to my watchlist
|
|||||
Last
17.0¢ |
Change
0.025(17.2%) |
Mkt cap ! $25.56M |
Open | High | Low | Value | Volume |
15.0¢ | 17.3¢ | 15.0¢ | $77.04K | 493.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35402 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 150000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35402 | 0.160 |
2 | 41000 | 0.150 |
1 | 34482 | 0.145 |
2 | 217188 | 0.140 |
1 | 300000 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 50000 | 1 |
0.180 | 1150000 | 3 |
0.200 | 10000 | 1 |
0.225 | 481 | 1 |
0.230 | 3336 | 1 |
Last trade - 14.34pm 28/06/2024 (20 minute delay) ? |
Featured News
BUR (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online