Maybe - these are just performance rights (part of their salary package). It does technically dilute the value of existing stock but not by a significant amount in the grand scheme of things. By itself its not enough to justify an 8% drop in the price. The drop is more likely from people taking short term profits after the recent upwards movement in SP.
Ann: Appendix 3Y Rodney Douglas - FY22 NED Rights, page-5
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Last
69.5¢ |
Change
-0.045(6.08%) |
Mkt cap ! $120.4M | |||
| Open | High | Low | Value | Volume |
| 73.5¢ | 73.5¢ | 69.5¢ | $6.153K | 8.853K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1515 | 66.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.5¢ | 1332 | 1 |
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| Last trade - 15.51pm 23/08/2024 (20 minute delay) ? |
| SHJ (ASX) Chart |