There is absolute discretion about who gets shares in a placement, right? My suggestion to the board is any holder who sold after the brokers had started approaching potential investors is at the back of the queue if the placement is oversubscribed.
I agree it is not a bad raise, given how brutal raising can be on the SP. But if the company is in a position not to discourage what in my opinion looks like insider trading I hope they do.
They wouldn't even have to give a reason why.
Might be an idea to try a different broking firm next time also, for no reason.
Ann: $25 million Institutional Placement, page-56
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Last
83.0¢ |
Change
-0.015(1.78%) |
Mkt cap ! $916.8M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 84.5¢ | 80.5¢ | $6.059M | 7.274M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2988 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 38110 | 3 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
83.0¢ |
Change
-0.015 ( 1.44 %) |
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| Open | High | Low | Volume | ||
| 80.5¢ | 84.3¢ | 80.5¢ | 213618 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| SPR (ASX) Chart |