If you take 18 as the high and then consider the fall to 11.5 cents today then you have a 36% fall. Seems the market is overreacting with a 25% dilution with that calc. You also have to consider more notes being converted as well at a later date, so maybe not such an overreaction. Depends on who has the deepest pockets here and what their "fair value" is after the dust has settled!
Ann: Conversion of Redeemable Convertible Preference Shares, page-61
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Last
76.3¢ |
Change
-0.053(6.44%) |
Mkt cap ! $155.9M | |||
| Open | High | Low | Value | Volume |
| 78.0¢ | 78.0¢ | 76.3¢ | $33.68K | 43.37K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 258 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 16500 | 1 |
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| Last trade - 12.26pm 01/08/2024 (20 minute delay) ? |
| BRL (ASX) Chart |