Yep. Stated here many times this was not going to raise price. That kind of thinking is not suited to these type of deeply discounted entitlement raises. Go back to GFC raises and look at current COVID-19 raises. SP rarely goes back to raise price. These raises are designed to be 'no brainer' raises and generally done in proportion to existing holdings.
You have to also remember the kick off part of the raise had to be done at such a ridiculous discount to bring on big money. And that was a function of the previous BS CEO having lied to shareholders, so they needed to apply an additional "just in case" discount to even the new CEO.
That's just my read. A was a little impatient with my top up when it started trading again but will at least get a good amount of 30c shares and hopefully some of my over subscription, though not holding my breath.
DCN Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
