Yes, that could also be case.
Assuming a holder sold 90,909 shares and bought 90,909 (the max) in the SPP.
That equates to a profit of $454.54 per 0.5c pip. Earlier on in the SPP period it was regularly trading at 17 or 17.5c so almost a no brainer.
However, you ran the risk of not getting your full allocation and having to top up at a higher price later.
For smaller parcels it becomes less attractive.
Throw in brokerage and cap gains …. maybe. Depends on your circumstances.
As a ‘bottom feeder’, I topped up at 16.5 as well as applying for the max SPP as I don't think we'll be seeing 16.5c for much longer.
Yes, that could also be case. Assuming a holder sold 90,909...
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $99.84M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.7¢ | 5.3¢ | $117.2K | 2.136M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 136213 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 155000 | 3 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| ATC (ASX) Chart |