Actuallylooked at IPL and decided to not bother after management was trumpeting howwell the fertilizer business was going – thinking there would be no cap raise.Got that wrong.
My ideawas to buy into reasonable quality profit making companies at a discount. Thestrategy that worked well in the GFC hasn't worked this time because SPP issueslook like they will be pretty much all on a pro rata basis. Add to that themassive over subscriptions we are seeing, unless you have a large holding youprobably won't get much. IPL will probably be similar. Ihave now sold all of the small holdings I had since it doesn’t seem worthwhile.
Ann: Equity Raising Investor Presentation, page-12
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Last
$2.90 |
Change
0.040(1.40%) |
Mkt cap ! $5.632B | |||
| Open | High | Low | Value | Volume |
| $2.88 | $2.90 | $2.87 | $11.46M | 3.964M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4828 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 22613 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| IPL (ASX) Chart |