No reason you cant be both. It was an obviously bad decision for shareholders. Good for management, poor for shareholders.
Will be down >20% on open. And that was easily foreseeable at the time they made the decision. That makes it "not in the interests of shareholders".
I sold on open, and will consider buying back in at or below 80. Which it obviously will if you dilute this much. If not, I can always buy $30k in the SPP and dilute even further. Which is fine. Realistically it'll rebound to 90ish in a month or two.
if they hadn't done it though, it'd probably be $1.20 right now though.
Ann: Completion of Upsized Underwritten $100m Placement, page-22
Add DRO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.13 |
Change
-0.045(3.85%) |
Mkt cap ! $981.0M | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.19 | $1.12 | $9.709M | 8.463M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 62104 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 142010 | 33 |
View Market Depth
| Last trade - 14.51pm 20/08/2024 (20 minute delay) ? |
| DRO (ASX) Chart |