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
$1.51 |
Change
-0.020(1.31%) |
Mkt cap ! $165.5M | |||
| Open | High | Low | Value | Volume |
| $1.53 | $1.54 | $1.51 | $95.39K | 62.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7975 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 1670 | 1 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
$1.52 |
Change
-0.020 ( 0.66 %) |
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| Open | High | Low | Volume | ||
| $1.54 | $1.54 | $1.52 | 17647 | ||
| Last updated 15.44pm 30/04/2024 ? | |||||
| CYG (ASX) Chart |