Yeah it's comical. It adds no value as everyone gets the options. It's no different from a share split or a consolidation. The more options they issue pro-rata, the less the shares are worth. Purely illusory and complicates the register and balance sheet. A company might issue options if it needs to raise money at a point in time but they don't. They are paying out 90%+ by way of dividend. This company has too many problems and now a Board that is trying to be fancy.
Ann: 2022 Interim Results Announcement, page-64
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Last
$9.34 |
Change
0.090(0.97%) |
Mkt cap ! $1.688B | |||
| Open | High | Low | Value | Volume |
| $9.34 | $9.35 | $9.21 | $6.400M | 687.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 654 | $9.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.34 | 3023 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |