If it was really low risk then you would see $10's of millions bid at 95.01 or so. ATM only a few small players have overbid.
They may hold off on the dividend as unless there is a high rate of acceptances and it doesn't cost them too much to convert. Alternatively conditions may change and the turnaround may be delayed. I am not a holder of ELDPA. I wouldn't buy myself at this level, perhaps a bit lower when the offer expires.
Ann: Capital Raising Presentation correction-ELD.AX, page-14
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Last
$9.57 |
Change
0.160(1.70%) |
Mkt cap ! $1.512B | |||
| Open | High | Low | Value | Volume |
| $9.45 | $9.60 | $9.45 | $6.172M | 647.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1762 | $9.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.57 | 6501 | 2 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| ELD (ASX) Chart |