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54.5¢ opthea limited

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whytee

16,893 Posts.

2404

21/10/20

15:03

Post #: 48271994
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Originally posted by ahm100 ↑

Some commentary in todays AFR:

Underwriting the whole thing ($US160 million float that only raised $US$128M) was Citigroup and American boutique SVB.
And for their effort, they charged 7 per cent of the gross proceeds.
Which by our figuring works out to $US8.96 million, or A$12.6 million.
This is the kind of fee stock promoters spruiking tin pot miners wish they could charge.
Which, coupled by the shortfall, suggests finding investors in the biotech wasn't easy, even for a big bank like Citi
The dual listing, Opthea managing director Megan Baldwin told the Oz, should allow the biotech to find a big pharma partner from a position of strength. Given the deal has, so far, cost shareholders a fee the equivalent of 2 per cent of their market cap while tanking the share price and raising a quarter less than flagged, you'd certainly hope that works out.

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I have a suspicion that the share price may appreciate once the trial gets underway. Certainly Regal Funds thinks so.

OPT Price at posting: $2.36 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 54.5¢		Change 0.005(0.93%)		Mkt cap ! $670.9M

Open	High	Low	Value	Volume
54.5¢	56.0¢	53.8¢	$817.0K	1.498M

Buyers (Bids)

No.	Vol.	Price($)
1	619	54.0¢

Sellers (Offers)

Price($)	Vol.	No.
55.0¢	27532	3

View Market Depth

No.	Vol.	Price($)
1	619	0.540
1	21032	0.535
5	44799	0.530
3	41100	0.525
8	170959	0.520

Price($)	Vol.	No.
0.550	27532	3
0.555	21032	1
0.560	74976	3
0.565	5000	1
0.570	10149	1

Last trade - 16.10pm 27/08/2024 (20 minute delay)

OPT (ASX) Chart

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