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0.3¢ morella corporation limited

Ann: Altura To Undertake A$28 Million Financing Package, page-279

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Dazza1234

2,487 Posts.

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12/02/19

18:01

Post #: 37413989
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Originally posted by timbin4 ↑

Thanks, but I was refering to 'shareholders'. Not to worry I found some figures from the 2018 Annual Report that gives a basic indication.

And I've just done some calc's from that. See below.

Looking at the registry this SPP is going to be 'massively' oversubscribed and will have to be hugely scaled back.
As if the register (number of shareholders) was roughly what it was in Sep 2018 then it would only take 2.56% of shareholders to take up their full entitlement ($15k) for the SPP to be fully subscribed to raise $5mil..... only 2.56%!

Even if you get conserative and say the registery has dropped to 10,000 shareholders and you say the company was to accept twice the amount (eg; raise $10mil) from retailers...... well then it would still only take 6.67% of holders to take up their full entitlement to raise the $10mil.

Conclusion: Hold onto your shares, as you won't get many more from the SPP

Expand

I would say those that sold at 13c to participate in the spp has ended. Won't see that price again.

AJM Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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Last 0.3¢		Change 0.001(50.0%)		Mkt cap ! $18.53M

Open	High	Low	Value	Volume
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Buyers (Bids)

No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
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51	162424308	0.001
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Price($)	Vol.	No.
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0.004	15915446	64
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