the reason they did the rights issue at $2.50 & not $3.50 is due to demand. To be able to get this away and done quickly, it needed to be an attractive offer for insto's, just like NAB did their cap raising at $20. Insto's got wind of CSR doing a rights issue and the price quickly dropped & now they are doing it at about $1.70.
At $3.50, IPL wouldn't have had much luck.
rights issue - a better way?, page-9
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$3.06 |
Change
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Mkt cap ! $5.827B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.06 | $3.04 | $2.796M | 917.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 75526 | $3.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.06 | 238666 | 34 |
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