Brokers make it as easy as possible to get the issue away. They convince the Board that a huge discount is in their interests, because times are tough and raising money is difficult …blah blah.
Then they still get their 6%, but don’t have to try very hard, because who doesn’t like a 20% discount, especially for a quality company like this.
For some companies it’s understandable, but not for AGN….the Board got played IMO, the discount should have been 10% at most.
Ann: Argenica Successfully Completes $12.0m Placement, page-33
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Last
72.0¢ |
Change
-0.010(1.37%) |
Mkt cap ! $88.42M | |||
| Open | High | Low | Value | Volume |
| 74.0¢ | 74.0¢ | 72.0¢ | $34.78K | 47.54K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10500 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 18774 | 3 |
View Market Depth
| Last trade - 11.34am 05/06/2024 (20 minute delay) ? |
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Last
73.5¢ |
Change
-0.010 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 74.0¢ | 74.0¢ | 73.5¢ | 5863 | ||
| Last updated 10.15am 05/06/2024 ? | |||||
| AGN (ASX) Chart |