In my experience the vast majority that are not proportional. Rights issues are.
In this case it was a SPP plus subscription that was savagely cut back.
What route the co. goes depends on their register and how much they want to raise.
I know for a fact boards give great thought to their capital raising. Usually they consider their weighted average cost of capital (WACC) for debt as well.
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Last
56.0¢ |
Change
0.020(3.70%) |
Mkt cap ! $496.3M | |||
| Open | High | Low | Value | Volume |
| 54.5¢ | 57.5¢ | 54.0¢ | $1.703M | 3.028M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7007 | 55.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.0¢ | 186865 | 1 |
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| Last trade - 16.10pm 03/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |