The increase in the institutional issue size increase the total number of shares in issue thereby diluting the % ownership of existing shareholders. Given the t large increase in EPS that the acquisition delivers, retail shareholders will need to acquire more shares to maintain relative ownership.
The counter view is that CYG will have $5m less debt, albeit that debt financing is cheaper than equity financing.
The increase in the institutional issue size increase the total...
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Last
$1.30 |
Change
0.030(2.36%) |
Mkt cap ! $152.0M | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.30 | $1.27 | $262.0K | 202.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 6000 | 1 |
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| Last trade - 15.25pm 09/10/2024 (20 minute delay) ? |
| CYG (ASX) Chart |