So if 100% of the shortfall shares were committed to institutions who really wanted them, why are these shares now being put into a "retail bookbuild", as per the announcement today? I am assuming the bookbuild will result in a price driven by the level of buying interest existing right now ..... which could be a much lower price than the CR, given anyone can just buy on the market at $2.60 odd ?
Gosouth
Ann: Syrah announces outcome of retail entitlement offer, page-20
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Last
26.5¢ |
Change
-0.010(3.64%) |
Mkt cap ! $274.2M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 25.8¢ | $1.673M | 6.264M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 998 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 80643 | 3 |
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| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| SYR (ASX) Chart |