All good LT, but not too sure about ST. No particular strategic investor, just insto placement is bit disappointing, but $2.30 isn’t too bad a result. Evenly split between placement and rights issue, so Retailers really need twice their entitlement not to get diluted but can only apply for 150% of entitlement and hope not to get scaled back. With 22% more shares being issued, all things being equal, should really head towards $2.01 - I don’t think it will, because there is plenty to like still, but certainly opportunities coming to buy more on market I would guess, no hurry.
Ann: Fully Underwritten Equity Raising - Approximately A$425M, page-2
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Last
$7.76 |
Change
0.060(0.78%) |
Mkt cap ! $7.253B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.90 | $7.70 | $22.34M | 2.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4481 | $7.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.78 | 14225 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |