The questionable logic of QAN in pitching the new issue price at $4.20 is currently costing the small investor heaps.
Assuming the small investor holds 8,200 QAN he will be offered another 1,000 at $4.20. Based on the previous QAN close, if one takes up the offer then the average price for the 9,200 will be $4.64.
That compares to the current price of $4.44.
Ah well, at least the insto's will be able to book a healthy trading profit by arbitraging their allocations.
Small investor being crucified.
Add QAN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.11 |
Change
0.000(0.00%) |
Mkt cap ! $9.956B | |||
| Open | High | Low | Value | Volume |
| $6.13 | $6.17 | $6.09 | $17.17M | 2.809M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 47970 | $6.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.12 | 4424 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$6.11 |
Change
0.000 ( 0.01 %) |
||||
| Open | High | Low | Volume | ||
| $6.13 | $6.16 | $6.09 | 627504 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| QAN (ASX) Chart |