FND 7.24% $2.82 findi limited

I'll be interested in any insights you can share from any...

  1. 392 Posts.
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    I'll be interested in any insights you can share from any response. It's a strange situation where from our perspective as shareholders, it would be great if the $10.7 million could be use to reduce management's share of Findi sharply and increase our share sharply, recalling that $10.5 million in 2022 acquired a 75% stake of Findi/TSI at the time. But recently we had Piramal pay $37.1 million to acquire the (right) to a 16.7% share of Findi in 3 years if it gets to IPO.

    So you could imagine from management and Piramal's perspective that it would be unfair if ASX shareholders ccould invest on much better terms a few months on from what Piramal did. And if we can/could/have/will sharply increase our ownership stake, then today the share price should have really rocketed. I'm not saying it's not possible that we can/have sharply incresed our ownership stake, but you would think management and Piramal would have foreseen this situation when stipulating on what terms we as shareholders could increase our stake.
 
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Last
$2.82
Change
-0.220(7.24%)
Mkt cap ! $137.6M
Open High Low Value Volume
$3.15 $3.15 $2.81 $615.5K 211.9K

Buyers (Bids)

No. Vol. Price($)
1 25791 $2.82
 

Sellers (Offers)

Price($) Vol. No.
$2.87 444 1
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Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
Last
$2.82
  Change
-0.220 ( 8.18 %)
Open High Low Volume
$3.06 $3.06 $2.81 20377
Last updated 15.59pm 10/05/2024 ?
FND (ASX) Chart
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