IMHO it's because the goal of achieving a lower price for the Capital Raise has been achieved, so no need to hold back!
An analogy, a precurser to a Capital raise is a bit like checking with the bank that you can get a loan for a property purchase, but in the stock market the one/s asked &/or arranging the Capital Raise don't just operate in one side of the market/on one side of the trade!
Ann: Proposed issue of securities - FLT, page-32
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Last
$19.99 |
Change
0.170(0.86%) |
Mkt cap ! $4.417B | |||
| Open | High | Low | Value | Volume |
| $19.78 | $19.99 | $19.62 | $11.01M | 553.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 33 | $19.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.00 | 21138 | 12 |
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| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| FLT (ASX) Chart |