i think he's alluding to the belief that not many retail will take up the offer as, going by this small sample size, not many retail received the entitlement offer. And when the underwriters get their shares, they'll offload the excess.
Ann: Clarity launches $121 million equity raise, page-67
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Last
$5.75 |
Change
0.180(3.23%) |
Mkt cap ! $1.735B | |||
| Open | High | Low | Value | Volume |
| $5.68 | $5.88 | $5.68 | $1.193M | 205.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $5.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.77 | 813 | 3 |
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| CU6 (ASX) Chart |