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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 (20min delay)
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Last
$6.24 |
Change
-0.020(0.32%) |
Mkt cap ! $4.177B | |||
| Open | High | Low | Value | Volume |
| $6.27 | $6.29 | $6.22 | $1.401M | 224.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 8367 | $6.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.24 | 8714 | 26 |
View Market Depth
| Last trade - 12.04pm 18/06/2025 (20 minute delay) ? |
| DOW (ASX) Chart |