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
$2.23 |
Change
-0.010(0.45%) |
Mkt cap ! $1.495B | |||
| Open | High | Low | Value | Volume |
| $2.24 | $2.24 | $2.22 | $1.690M | 757.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 198325 | $2.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.24 | 16211 | 3 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| IFL (ASX) Chart |