Gary has $10k invested in AIA. He doesn’t want to allocate anymore in his portfolio to AIA, but recognising the SPP is a good deal, participates in full with the intention of selling down the shares to maintain his original $10k investment.
If Gary found out today that he was allocated $8k in the SPP, he might sell $8k of his original $10k investment today in order the maintain his $10k investment in AIA. If he doesn’t get his allocation today, he doesn’t know how much to sell and therefore may be selling at a lower price on Monday.
Ann: AIA NZ$200m Share Purchase Plan Oversubscribed, page-26
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Last
$6.97 |
Change
0.040(0.58%) |
Mkt cap ! $10.25B | |||
| Open | High | Low | Value | Volume |
| $6.97 | $6.98 | $6.93 | $2.262M | 325.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2946 | $6.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.97 | 88 | 1 |
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| Last trade - 14.56pm 04/07/2024 (20 minute delay) ? |
| AIA (ASX) Chart |