Massive market overreaction here. Even if management GAVE away the placement shares for nothing, the SP should only drop 12% on the news.
I think that it may be the result of a large number of American investors on the share register, American shareholders are known for their hatred of capital raisings.
I've been on a buying spree all morning.
Ann: $120m Equity Raise and Share Purchase Plan, page-34
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Last
$5.28 |
Change
0.340(6.88%) |
Mkt cap ! $1.253B | |||
| Open | High | Low | Value | Volume |
| $5.14 | $5.31 | $5.06 | $3.996M | 770.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 5236 | $5.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.28 | 5023 | 24 |
View Market Depth
| Last trade - 14.18pm 11/07/2024 (20 minute delay) ? |
| SLX (ASX) Chart |