Really low issue price, $1.20 is a massive discount to last traded and to TERP of $1.70. If it trades at $1.44 it will have the same market cap as pre-raise just with ~$180m (after costs) less debt.
This just highlights why the price of $1.20 is way too low a discount to the theoretical ex rights price (TERP) of $1.70. Underwriters are getting fat checks here for not really taking on risk imo.
I will be applying for that extra 25% top up, it is a shame they didn't allow for a higher percentage here for retail holders to top up, further insult is the underwriter has discretion to reject top ups, wtf?
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Last
$1.53 |
Change
0.010(0.66%) |
Mkt cap ! $1.107B |
Open | High | Low | Value | Volume |
$1.55 | $1.55 | $1.49 | $5.889M | 3.880M |
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No. | Vol. | Price($) |
---|---|---|
5 | 107214 | $1.51 |
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Price($) | Vol. | No. |
---|---|---|
$1.53 | 23211 | 4 |
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No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 1.500 |
1 | 3000 | 1.475 |
1 | 3424 | 1.460 |
3 | 19723 | 1.450 |
1 | 2220 | 1.440 |
Price($) | Vol. | No. |
---|---|---|
1.530 | 3501 | 1 |
1.545 | 18402 | 2 |
1.550 | 20000 | 1 |
1.580 | 20558 | 2 |
1.585 | 3405 | 1 |
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