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.
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Last
$6.06 |
Change
-0.035(0.57%) |
Mkt cap ! $9.850B | |||
| Open | High | Low | Value | Volume |
| $6.08 | $6.13 | $6.04 | $13.18M | 2.170M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 41626 | $6.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.06 | 64291 | 47 |
View Market Depth
| Last trade - 14.48pm 24/06/2024 (20 minute delay) ? |
| QAN (ASX) Chart |