To be honest I wouldn't call them heroes.
The SPP of $40m was barely more than 1% of LTR's market cap at the time (when the SP was $1.65-1.70).
Even the full SPP's quantity is almost negligible for LTR.
I think the people who signed up to the SPP did so when the SP was $1.70+, and wanted more shares of LTR anyway (+ it being at a slight market discount + contributing to the SPP were bonuses). Albeit the trigger may have been pulled a bit too early.
Ann: Completion of Share Purchase Plan, page-48
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Last
89.0¢ |
Change
-0.015(1.66%) |
Mkt cap ! $2.157B | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 91.5¢ | 88.0¢ | $13.19M | 14.74M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 92112 | 89.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 89.5¢ | 90000 | 3 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |