Hi Amok, not sure you will be correct here. Firstly the dilution that you have identified is at 3c, a level that is a significant 50% premium to the initial IPO which was at 2 c. I for one dont complain when the company issues more stock to raise more money at a premium to where i bgt... This tends to create a new base level for the shares to run up.
With the stock presently trading atound 3.5c everyone should be happy... The original shareholders from IPO have a nice premium to their investment and the new shareholders are already up half about 17%!
Perhaps some may see this as an opportunity to take profits....but remember the book build was over subscribed so i would expect any selling to be met with opportunistic buying.
I think higher prices to come....not lower!
We will see.
Hi Amok, not sure you will be correct here. Firstly the dilution...
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Last
50.0¢ |
Change
0.055(12.4%) |
Mkt cap ! $150.9M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 50.0¢ | 44.0¢ | $352.0K | 776.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1875 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 11688 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| IMB (ASX) Chart |