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1.85%

82.5¢ opthea limited

Ann: Change in substantial holding, page-8

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whytee

17,040 Posts.

2413

21/10/20

15:03

Post #: 48271994
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Originally posted by ahm100 ↑

Some commentary in todays AFR:

Underwriting the whole thing ($US160 million float that only raised $US$128M) was Citigroup and American boutique SVB.
And for their effort, they charged 7 per cent of the gross proceeds.
Which by our figuring works out to $US8.96 million, or A$12.6 million.
This is the kind of fee stock promoters spruiking tin pot miners wish they could charge.
Which, coupled by the shortfall, suggests finding investors in the biotech wasn't easy, even for a big bank like Citi
The dual listing, Opthea managing director Megan Baldwin told the Oz, should allow the biotech to find a big pharma partner from a position of strength. Given the deal has, so far, cost shareholders a fee the equivalent of 2 per cent of their market cap while tanking the share price and raising a quarter less than flagged, you'd certainly hope that works out.

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I have a suspicion that the share price may appreciate once the trial gets underway. Certainly Regal Funds thinks so.

OPT Price at posting: $2.36 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 82.5¢		Change 0.015(1.85%)		Mkt cap ! $1.015B

Open	High	Low	Value	Volume
84.5¢	84.5¢	80.0¢	$2.835M	3.473M

Buyers (Bids)

No.	Vol.	Price($)
1	17359	82.5¢

Sellers (Offers)

Price($)	Vol.	No.
83.0¢	106026	2

View Market Depth

No.	Vol.	Price($)
1	17359	0.825
3	400620	0.820
1	1825	0.815
1	36026	0.810
5	42028	0.805

Price($)	Vol.	No.
0.830	106026	2
0.835	90127	3
0.840	94966	5
0.845	37266	2
0.850	102500	2

Last trade - 16.10pm 03/10/2024 (20 minute delay)

OPT (ASX) Chart