Even if the sp could squeak back above $5.95 by April 11, and it doesn't look like it, I can't see many retail holders taking up the offer. That would suggest the underwriters having to find a home on the market for the best part of 40M or so shares. More downward pressure in the short-term at least.
About the only winners have been any Spotless holders who bought in recently and sold into the feeding frenzy DOW created. Spotless itself has hardly been a poster-child for enhancing shareholder value.
Even if the sp could squeak back above $5.95 by April 11, and it...
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Last
$6.23 |
Change
-0.030(0.48%) |
Mkt cap ! $4.183B | |||
| Open | High | Low | Value | Volume |
| $6.27 | $6.29 | $6.20 | $6.099M | 978.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4161 | $6.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.24 | 10326 | 4 |
View Market Depth
| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| DOW (ASX) Chart |