Lucky placement recipients. I like the reason for this placement, although the pricing sucks. I suspect they could have got this away at $1.02 or so. Anyway - simple maths for me is $1.04 ps prior x 1.17 uplift in NPAT for FY / 1.11 dilution = $1.10 - plus they have cash left over - so lower risk now, and plus they grab more share of future growth. So maybe I will target about $1.15 or so.
Risk is that recipients were badly chosen, and just take advantage of their good pricing and sell down to 0.96c - so will not bet the farm.
GLTA
capital raising of $45m, page-3
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22.0¢ |
Change
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Mkt cap ! $138.0M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.8¢ | 22.0¢ | $22.85K | 101.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 485394 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 3211 | 1 |
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