yeah confused by all the references to scaling back. It just looks hideously undersubscribed.
it's pretty ugly if they offer a sweeheart deal for credit suisse, and use their discretion to scale back retail holders. There needs to be a good reason - i.e. some guy with 1 share on the record date who subscribes for 100k shares.
what they should have done is allowed an oversubscription by, say, 100% of your allowance, with a discretion for more.
in fact, might this open them up to breach of ACCC or ASIC rules? it feels wrong to me.
Ann: Syrah Successfully Completes Entitlement Offer, page-8
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Last
27.5¢ |
Change
-0.025(8.33%) |
Mkt cap ! $284.5M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 27.5¢ | $1.121M | 3.932M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 373082 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 68783 | 5 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| SYR (ASX) Chart |