Hi all,
For those who have participated in similar SPPs in the past I wanted to confirm my thinking about the arbitrage that exists with this offering.
Assuming one took up their full $15k entitlement ie. 1,400 shares and based on current $11.70 share price, there is an opportunity of a $1,400 arbitrage.
Considerations:
- will share price drop on the back of those looking to dispose of shares to take advantage of the abritrage?
- will participation be scaled back due to over subscription?
My questions relate to what others have found with the above two points, I would think the size of the SPP would be small enough in relation to market cap for liquidity to be sufficient not to see a sizable drop, your thoughts?
I would think that the number of shareholders taking up the SPP would result in large scale back of the SPP offer.
I would be interested in others' thoughts on the above.
Thanks
Rhys
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Last
$16.05 |
Change
-0.280(1.71%) |
Mkt cap ! $24.11B |
Open | High | Low | Value | Volume |
$15.70 | $16.11 | $15.49 | $161.0M | 10.14M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1821 | $16.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.05 | 4664 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1821 | 16.030 |
3 | 3844 | 16.010 |
1 | 17546 | 15.990 |
1 | 2730 | 15.980 |
1 | 17546 | 15.970 |
Price($) | Vol. | No. |
---|---|---|
16.050 | 3666 | 1 |
16.100 | 500 | 1 |
16.110 | 438 | 1 |
16.120 | 641 | 1 |
16.140 | 2730 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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