Doubt underwriters will dump stock, when you're as far in as they are the best way out is to go further in, not bail for the nearest exit.
Amateur and arrogant cap raise to not think the price could go so far below $3.50, all it needed was a discount to VWAP and retails would maintain some allegiance.
Suspect we'll start to see the SP rise today and will push back to $3.40 and maybe $3.50 next week.
I'd like to think pressure would be applied to Renato to lose his job over this fiasco but with the register basically an unknown insto mess who knows so he'll likely get his chance to integrate MLC, which is what IOOF has a history of doing well.
Great buying opportunity imo
Ann: IOOF Retail Entitlement Offer opens, page-92
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Last
$2.77 |
Change
-0.005(0.18%) |
Mkt cap ! $1.851B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.80 | $2.75 | $914.7K | 329.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 18365 | $2.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.77 | 15980 | 16 |
View Market Depth
| Last trade - 10.59am 01/08/2024 (20 minute delay) ? |
| IFL (ASX) Chart |