re: Ann: Ceasing to be a substantial holder f... So IOOF bought 3.85m shares as part of the institutional placement at 32c and then 2 months later sells them for 40c each 2 months later the day before a major rights issue is announced. 25% gain in 2 months.
It would have been good if existing shareholders were given the opportunity to buy at the same price as the big guys !
After 2 capital raisings in the space of a couple of months the question is are there more to come ? And will the institutions continue to get preference to current shareholders ?
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Last
$2.30 |
Change
-0.100(4.17%) |
Mkt cap ! $1.542B | |||
| Open | High | Low | Value | Volume |
| $2.37 | $2.39 | $2.27 | $7.358M | 3.189M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4666 | $2.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.30 | 7321 | 2 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| IFL (ASX) Chart |