As you are all aware retail holders were diluted in the cap raising. Even if we took up our entire rights issue, we were diluted due to the additional $115m insto offer. Given the capital raise was at a large discount to the SP and NTA I find this very disappointing. I am currently investigating a potential class action against SGR for their blatantly unfair treatment of retail holders in their recent capital raising.
Maurice Blackburn has advised that we may be able to piggyback a new claim in the existing class action or we could start a new class action with the details of at least 7 shareholders who were holders at the time of the equity raising.Who would be interested in the class action?
PS I have tried calling Star Group on 5 different numbers, around 10 times in total at various times over the last 2 days. The one time I did get through was to a receptionist who put me onto Link Market Services, instead of someone in management! I can only deduce from this that Star Group management don't care about or want to hear from retail holders. As a result a class action is the only way to progress from here.
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22.5¢ |
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0.010(4.65%) |
Mkt cap ! $645.4M |
Open | High | Low | Value | Volume |
22.0¢ | 23.0¢ | 21.5¢ | $2.513M | 11.27M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 2372550 | 22.0¢ |
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Price($) | Vol. | No. |
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22.5¢ | 524249 | 15 |
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No. | Vol. | Price($) |
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20 | 1597096 | 0.220 |
21 | 1877167 | 0.215 |
74 | 2681185 | 0.210 |
79 | 8238753 | 0.205 |
170 | 8298058 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 337400 | 7 |
0.230 | 1751844 | 25 |
0.235 | 818255 | 10 |
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