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
$4.69 |
Change
-0.030(0.64%) |
Mkt cap ! $3.149B | |||
| Open | High | Low | Value | Volume |
| $4.71 | $4.74 | $4.65 | $7.194M | 1.530M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21960 | $4.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.69 | 6866 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| DOW (ASX) Chart |