Being honest, I think the last week in AVR has been diabolically handled.
If the raise was going on at $24, which clearly it must have been, why announcement the Yorkshire facility first?
The stock dropped 8% because of uncertainty about drawdown timing and pricing.
Then they switch to vaudville and bring a capital raise a day later which has seen the price fall even further with, understandably, no retail participation.
No, as yet, broker support under the issue price.
Makes me wonder (and concerned) who is advising these guys.... and why they listened.
Ann: $35M Capital Raise, page-17
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Last
$13.20 |
Change
-0.800(5.71%) |
Mkt cap ! $279.0M | |||
| Open | High | Low | Value | Volume |
| $14.00 | $14.00 | $13.11 | $947.2K | 71.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $13.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.35 | 300 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| AVR (ASX) Chart |