Even if the sp could squeak back above $5.95 by April 11, and it doesn't look like it, I can't see many retail holders taking up the offer. That would suggest the underwriters having to find a home on the market for the best part of 40M or so shares. More downward pressure in the short-term at least.
About the only winners have been any Spotless holders who bought in recently and sold into the feeding frenzy DOW created. Spotless itself has hardly been a poster-child for enhancing shareholder value.
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Last
$6.37 |
Change
0.060(0.95%) |
Mkt cap ! $4.237B | |||
| Open | High | Low | Value | Volume |
| $6.37 | $6.37 | $6.34 | $123.9K | 19.47K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1794 | $6.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.37 | 818 | 2 |
View Market Depth
| Last trade - 10.03am 30/06/2025 (20 minute delay) ? |
| DOW (ASX) Chart |