This convertible WAS excellent capital allocation, as it was part of the payment for selling Nifty. They generated AUD24m cash for selling a loss making mine (+36m covert and options). The poor fortune of the buyer should actually convince you, that APAC's take on capital allocation was right (old management wanted to invest further in Nifty).
Ann: Appendix 4E and Annual Financial Report, page-8
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Last
45.5¢ |
Change
0.010(2.25%) |
Mkt cap ! $407.7M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.5¢ | 43.3¢ | $1.672M | 3.733M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 451409 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 83180 | 11 |
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| Last trade - 13.10pm 12/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |