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If you offer SPP first - shareholders sell it down- knowing they...

  1. pintohoo
    84,626 Posts.
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    25/08/17
    17:39
    Post #: 26768904

    If you offer SPP first - shareholders sell it down- knowing they can buy their offer.

    Then you have to offer to instos. Or sops. At a discount to that - so you are worse off.
    BRB Price at posting: 70.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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