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79.5¢ opthea limited

I have a suspicion that the share price may appreciate once the...

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whytee

17,172 Posts.

2422

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 79.5¢		Change -0.010(1.24%)		Mkt cap ! $978.7M

Open	High	Low	Value	Volume
81.0¢	81.0¢	78.8¢	$1.042M	1.308M

Buyers (Bids)

No.	Vol.	Price($)
2	1823	79.5¢

Sellers (Offers)

Price($)	Vol.	No.
80.0¢	22000	1

View Market Depth

No.	Vol.	Price($)
2	1823	0.795
1	17022	0.790
3	30022	0.785
3	40700	0.780
1	30000	0.775

Price($)	Vol.	No.
0.800	22000	1
0.805	17022	1
0.810	61281	3
0.815	1226	1
0.820	29167	1

Last trade - 16.10pm 05/11/2024 (20 minute delay)

OPT (ASX) Chart