I took all mine up and was considering applying for the extra...

I took all mine up and was considering applying for the extra 50%. The arbitrage trade from the fundie's has been much less that I would have expected. Share price usually gravitates to the issue price as holders churn stock for the arb. Reason maybe is existing holders are long term holders and new insto/SI's holders in the cap raise were happy to top up as the allocations were restricted. Shares being issued to retail tommorrow - holders have had ample time to arb and you would think the arb would have happened already to raise cash to pay for the new stock. See what happens this week. Trading on 10x FY 18 numbers now.