Yeah it's comical. It adds no value as everyone gets the options. It's no different from a share split or a consolidation. The more options they issue pro-rata, the less the shares are worth. Purely illusory and complicates the register and balance sheet. A company might issue options if it needs to raise money at a point in time but they don't. They are paying out 90%+ by way of dividend. This company has too many problems and now a Board that is trying to be fancy.
Yeah it's comical. It adds no value as everyone gets the...
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Last
$8.43 |
Change
0.070(0.84%) |
Mkt cap ! $1.523B | |||
| Open | High | Low | Value | Volume |
| $8.36 | $8.58 | $8.34 | $8.144M | 961.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1562 | $8.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.44 | 5246 | 3 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| MFG (ASX) Chart |