SDF 0.78% $6.44 steadfast group limited

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  1. 334 Posts.
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    Dont get me wrong WTE. I think the company is doing a great job on the business side, and the market thinks so as well with the shares opening at $1.62 this morning... giving those instos that were lucky enough to get in the placement a whopping 29% uplift
    It is just the way the banks go about advising on these raisings... just does not seem right to me. Why not do the whole thing as a renouncable rights issue, or at least make the instos pay a reasonable price on the placement.
 
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