Greedy insto's are benefiting from these capital raisings at the expense of geniune, retail, long term investors.
UBS as underwriter will get enormous fees, and truckloads of cheap GPT stock that they can either flick quickly for gains (assume ST lift in SP) or hold for monster dividends if/ when normality returns to property sector.
I agree that with this capital raising GPT will not go under, thus <20c SP probably not likely, but it is of little consolation to LT holders either seeing massive futher dilution or have to stump up more $$
Luckily I got cash out a few days ago and will be buying back on market hopefully around 36-38c later next week...
capital raising, page-14
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Last
$4.81 |
Change
0.065(1.37%) |
Mkt cap ! $9.156B | |||
| Open | High | Low | Value | Volume |
| $4.79 | $4.81 | $4.73 | $12.26M | 2.567M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 53378 | $4.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.81 | 95365 | 53 |
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| Last trade - 15.20pm 22/08/2024 (20 minute delay) ? |
| GPT (ASX) Chart |