When a company dilutes its shareholding to fund the necessary steps to producing the BFS it is not uncommon for the share price to dip below the issue price for the new shares for a short time. I can assure you that it is not because the buyers of the new shares are selling any of them. The subscribers are looking for the value of the shares to go up over time and they will be expecting at least a doubling of the amount that they put in. I am surprised that in this case it took as long as it did for the price to dip below the issue price.
Our friend who owns no shares may want to own shares in DEG once again but if the price should fall to 50 cents a share I would speculate that he would hesitate thinking that it could halve yet again and miss out entirely.
- Forums
- ASX - By Stock
- Ann: Ceasing to be a substantial holder
When a company dilutes its shareholding to fund the necessary...
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
Add DEG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.21 |
Change
0.055(4.76%) |
Mkt cap ! $2.899B |
Open | High | Low | Value | Volume |
$1.19 | $1.21 | $1.19 | $9.324M | 7.770M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 33645 | $1.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.21 | 12149 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 33645 | 1.205 |
8 | 173672 | 1.200 |
3 | 93636 | 1.195 |
2 | 99193 | 1.190 |
1 | 8000 | 1.185 |
Price($) | Vol. | No. |
---|---|---|
1.210 | 12149 | 1 |
1.215 | 92639 | 9 |
1.220 | 352304 | 16 |
1.225 | 148044 | 8 |
1.230 | 134917 | 11 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
DEG (ASX) Chart |