I don't know what the management is smoking to decide to have a CR at 7c. Who in the world is gonna participate in the SPP when you can now get it for 6.5c. Seriously my head hurts just thinking about this CR. I have been saying this since the 16c CR, they need to get rid of Foster as their stock broker. Is management so unconfident that they must do raise at a discount?! Who is giving them this CR advice?! Bollocks these lots.
The oppies at 0.10 in 3 years expiry is telling us a story, either management knows the TECH project is a goner and they are only expecting the SP to be above 0.10 in 3 years (or maybe not!). Or just like the CXO saga, this is the how of insto dilute LT retail holders through constant CR and now we are going back to the mean with a slow gradual ascend in the next 2 years.
Disappointing is an understatement, but we will need the DayTradeScan data to see who sold and who bought today to get an idea of what's going on.
I don't know what the management is smoking to decide to have a...
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Last
4.4¢ |
Change
-0.001(2.22%) |
Mkt cap ! $88.55M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.7¢ | 4.3¢ | $228.6K | 5.093M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 159614 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 374204 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
4.4¢ |
Change
-0.001 ( 3.93 %) |
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| Open | High | Low | Volume | ||
| 4.6¢ | 4.7¢ | 4.4¢ | 3443694 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| QPM (ASX) Chart |