Last cap raise was at 7.5c
PEN were right to NOT take the excess
This is because they could easily do another cap raise at much higher prices (eg 15c) in 6 months time, resulting in less dilution than if they took the excess at 7.5c
Maybe no cap raise required though, if they get enough get enough debt
Ann: Construction Contractor Appointed, Budgetary Forecast Update, page-56
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PEN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.2¢ |
Change
-0.001(1.08%) |
Mkt cap ! $293.2M | |||
| Open | High | Low | Value | Volume |
| 9.3¢ | 9.3¢ | 9.1¢ | $478.7K | 5.181M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 9.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 384530 | 2 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PEN (ASX) Chart |