Ahh - just read the announcement more closely and see that the $525M raised was entirely by share placement (I thought it was mainly debt) which explains the heavier dilution effect (more like 7%), but the offering at $3.80 is pretty generous considering where the share price has been heading, so this in my opinion just adds to the dilution further, but not 15% as we are seeing today! This had want to bounce back to $3.80+ pretty soon otherwise EVN have done their existing shareholders a disservice IMHO
News: EVN Deals of the day-Mergers and acquisitions, page-8
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Last
$4.45 |
Change
0.040(0.91%) |
Mkt cap ! $8.812B | |||
| Open | High | Low | Value | Volume |
| $4.41 | $4.49 | $4.39 | $29.58M | 6.660M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 52371 | $4.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.46 | 176738 | 69 |
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| Last trade - 14.24pm 18/09/2024 (20 minute delay) ? |
| EVN (ASX) Chart |