Really low issue price, $1.20 is a massive discount to last traded and to TERP of $1.70. If it trades at $1.44 it will have the same market cap as pre-raise just with ~$180m (after costs) less debt.
This just highlights why the price of $1.20 is way too low a discount to the theoretical ex rights price (TERP) of $1.70. Underwriters are getting fat checks here for not really taking on risk imo.
I will be applying for that extra 25% top up, it is a shame they didn't allow for a higher percentage here for retail holders to top up, further insult is the underwriter has discretion to reject top ups, wtf?
- Forums
- ASX - By Stock
- HLS
- ACL Take Over Proposal Wishful Thinking
ACL Take Over Proposal Wishful Thinking, page-19
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HLS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.44 |
Change
0.020(1.41%) |
Mkt cap ! $1.045B |
Open | High | Low | Value | Volume |
$1.43 | $1.45 | $1.40 | $2.337M | 1.632M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4929 | $1.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.45 | 11468 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 1.435 |
1 | 14094 | 1.430 |
4 | 32237 | 1.425 |
1 | 15490 | 1.415 |
1 | 2000 | 1.410 |
Price($) | Vol. | No. |
---|---|---|
1.445 | 7207 | 3 |
1.450 | 11174 | 1 |
1.455 | 31611 | 4 |
1.460 | 26834 | 2 |
1.465 | 14295 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
$1.44 |
  |
Change
0.020 ( 0.88 %) |
|||
Open | High | Low | Volume | ||
$1.42 | $1.45 | $1.40 | 1970211 | ||
Last updated 15.59pm 14/06/2024 ? |
Featured News
HLS (ASX) Chart |