Correct and it's worse than a CR .... particularly a renounceable rights CR, as a private placement raises outside the existing shareholder base and is therefore by definition, 100% definitely, dilutional.
It staggers me how investors do not appreciate why the destructive nature of dilutional "outside" placements/raisings (call them what you like!!! ) have a downward pressure on the SP...
More shares ie denominator (with no foreseeable profit..."future" EPS numerator ) = a lower future EPS..... therefore SP!!! It's simple maths!
IMO!
Ann: Voluntary Suspension, page-251
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Last
$1.40 |
Change
0.045(3.33%) |
Mkt cap ! $1.592B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.42 | $1.33 | $3.802M | 2.753M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23940 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 22571 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MSB (ASX) Chart |