Because they announced $115m of capital raising at a 30% discount. In an SPP, the share always drops towards the capital raise price. I predicted 76-84 floor. So I sold on open at 89. As has been pointed out, I couldve timed it better but oh well. I can buy back in the SPP at 80 anyway (note: some here are very pushy that this will be massively oversubscribed and we'll all get $500 if we apply for $30k. I consider scaling back a reasonable chance. Scaling back to getting less than 10k quite unlikely).
Ann: Completion of Upsized Underwritten $100m Placement, page-133
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Last
$2.34 |
Change
0.160(7.34%) |
Mkt cap ! $1.784B | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.35 | $2.15 | $48.00M | 21.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3150 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 25989 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |