cochlea scaled back their spp retail applications to 41% a couple of weeks ago, however the spp issue price was $140 and they were trading the whole time at >$180, so it was a gift horse...so not all companies are taking what they get.
This QBE spp is definitely not a gift horse, as you could have bought on market yesterday at $7.51 which is lower than the currrent 2% discount vwap price after day 3....
I think you will get what you ask for because:
- there will be lower than expected shareholder participation in this spp &
- I feel this company will definitely want as much $$ they can get from this raising to fortify it's balance sheet against the negativity/potential liabilities etc.
I think even the current NAB spp will accept a lot more than they are asking for, and that one is a healthy discount at the moment ($14.15 issue price vs current price $16.22), so there should be good shareholder participation in that one.
See what happens.
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Last
$16.02 |
Change
-0.060(0.37%) |
Mkt cap ! $24.07B |
Open | High | Low | Value | Volume |
$16.08 | $16.13 | $16.01 | $8.872M | 552.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1390 | $16.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.03 | 2472 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1181 | 16.020 |
19 | 5299 | 16.010 |
13 | 3437 | 16.000 |
7 | 2607 | 15.990 |
8 | 7962 | 15.980 |
Price($) | Vol. | No. |
---|---|---|
16.030 | 2529 | 5 |
16.040 | 6131 | 18 |
16.050 | 7809 | 13 |
16.060 | 2316 | 8 |
16.070 | 2157 | 6 |
Last trade - 10.51am 26/08/2024 (20 minute delay) ? |
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