This is my guess on the SPP, and how things will play out.
it will be oversubscribed.... they will take the lot....
a bit tricky simply categorising traders and LTH.
I've been a holder since TLG floated BUT I did sell some shares so I could buy them back in the SPP...
price appears to have been held up nicely.... is this manufactured to encourage people to take up full allocation at a healthy discount to spot?
I also agree that post SPP there will be a steady flow of significant news to prevent price dropping to near spp levels.
Share purchase plan, page-125
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Last
54.8¢ |
Change
-0.008(1.35%) |
Mkt cap ! $209.8M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 56.3¢ | 54.5¢ | $324.9K | 589.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 57222 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 70502 | 17 |
View Market Depth
| Last trade - 13.37pm 11/07/2024 (20 minute delay) ? |
| TLG (ASX) Chart |