Quite bizarre - only 86% of inst issue taken up today. But only 25% of the offer was issued today (excluding Hopu placement). Hopu took up 71m of the 192m inst issue as well. That leaves 75% for the retail issue - which is 361m ords. Hopu can take 33m of those to get to their 15% cap for the offer.
Something very funny going on there. That is way too many for the retail to take up I strongly suspect, if my numbers are correct. I don't think there is much demand for these shares.
Good luck - I shorted this today for the above reason.
Entitlement Offer record date Thurs 27, page-59
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Last
$13.80 |
Change
-0.190(1.36%) |
Mkt cap ! $4.125B | |||
| Open | High | Low | Value | Volume |
| $14.10 | $14.10 | $13.67 | $13.15M | 953.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 17228 | $13.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.81 | 2425 | 2 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |