Institutional investors show their support for a project by providing cash in exchange for discounted shares. One of Australia's biggest super funds, richest men and I believe one of the projects off take partners have all chipped in. Yes buying shares on the market is a sign of confidence but great support is providing liquidity when the company needs it.
Kerry Stokes didn't create $7b in personal fortune investing in duds. Channel 7 is a dying asset and medium and this is seen as the next generations legacy.
Ann: A$315 Million Fully Underwritten Equity Raising Launched, page-70
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Last
31.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $894.5M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.0¢ | 30.0¢ | $162.7K | 526.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 52503 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 8639 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BCI (ASX) Chart |