The questionable logic of QAN in pitching the new issue price at $4.20 is currently costing the small investor heaps.
Assuming the small investor holds 8,200 QAN he will be offered another 1,000 at $4.20. Based on the previous QAN close, if one takes up the offer then the average price for the 9,200 will be $4.64.
That compares to the current price of $4.44.
Ah well, at least the insto's will be able to book a healthy trading profit by arbitraging their allocations.
Small investor being crucified.
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 (20min delay)
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Last
$5.91 |
Change
-0.165(2.72%) |
Mkt cap ! $9.597B | |||
| Open | High | Low | Value | Volume |
| $5.98 | $6.01 | $5.86 | $35.53M | 5.998M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 34368 | $5.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.91 | 183672 | 51 |
View Market Depth
| Last trade - 14.49pm 29/05/2024 (20 minute delay) ? |
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Last
$5.92 |
Change
-0.165 ( 2.68 %) |
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| Open | High | Low | Volume | ||
| $6.03 | $6.03 | $5.86 | 1566493 | ||
| Last updated 15.10pm 29/05/2024 ? | |||||
| QAN (ASX) Chart |