Agree brrrattt, very interesting.
Annualised return w/ the 7.5cps of franked divies is now 28% @ $2.78 SP ($3.075 / $2.78. End of June now only 4.5 months away).
Seems the market is worried Pyridam can't raise the funds? They have one hell of a dilutive rights issue to do considering it's a $47m AUD market cap acquiring $251m equity value. Also appears they're not profitable...
Anyone understand legal speak? Two items in the Scheme document sound pretty good but I have no confidence I'm interpenetrating it right.
1) Seems Pyridam has a binding commitments from sponsors enough to fund the deal already?
2) Also a potential standby buyer that has will come in and buy any un-exercised rights in the capital raise?
Agree brrrattt, very interesting. Annualised return w/ the...
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Last
$2.92 |
Change
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Mkt cap ! $237.4M | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.94 | $2.91 | $222.2K | 76.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10273 | $2.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 6450 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$2.92 |
Change
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| Open | High | Low | Volume | ||
| $2.92 | $2.92 | $2.92 | 560 | ||
| Last updated 15.36pm 17/05/2024 ? | |||||
| PBP (ASX) Chart |