The SPP will be a stone around BSX SP until it is fully processed. That's why I much prefer a rights issue.
Retail will be selling in the hope of getting a few pips on the SPP at 58c.
Plus some "sophisticated" demand probably would have been filled by that $55m placement. And if the SPP gets too much higher than 58c a few of those might take profits too.
But its quite likely that the $5m SPP is going to be very heavily oversubscribed. People thinking they will get $30k may not be correct. Only 167 holders need to take up the $30k for it to be all gone. $5m where BSX is now is tiddlywinks.
The SP will find some sort of equilibrium point above 58c in my view - it may already be there in fact.
Any further news could shift that equilibrium higher - eg strong placement investors (funds etc) - such as ..
Time to be patient.
...
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Last
4.7¢ |
Change
-0.001(2.08%) |
Mkt cap ! $24.69M |
Open | High | Low | Value | Volume |
4.4¢ | 4.8¢ | 4.3¢ | $31.48K | 697.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 46510 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.7¢ | 83983 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 23255 | 0.043 |
2 | 110000 | 0.042 |
1 | 75500 | 0.039 |
1 | 26250 | 0.038 |
1 | 270000 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.047 | 83983 | 1 |
0.048 | 66023 | 2 |
0.049 | 130108 | 2 |
0.050 | 84254 | 5 |
0.051 | 70000 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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