Gary has $10k invested in AIA. He doesn’t want to allocate anymore in his portfolio to AIA, but recognising the SPP is a good deal, participates in full with the intention of selling down the shares to maintain his original $10k investment.
If Gary found out today that he was allocated $8k in the SPP, he might sell $8k of his original $10k investment today in order the maintain his $10k investment in AIA. If he doesn’t get his allocation today, he doesn’t know how much to sell and therefore may be selling at a lower price on Monday.
Ann: AIA NZ$200m Share Purchase Plan Oversubscribed, page-26
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Last
$6.92 |
Change
-0.100(1.42%) |
Mkt cap ! $10.27B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.01 | $6.92 | $2.443M | 352.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2559 | $6.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.94 | 3551 | 4 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| AIA (ASX) Chart |