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.
Ann: Coventry Launch announcement, page-4
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Last
$1.52 |
Change
0.020(1.33%) |
Mkt cap ! $167.8M | |||
| Open | High | Low | Value | Volume |
| $1.53 | $1.53 | $1.52 | $540 | 355 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 545 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 6800 | 1 |
View Market Depth
| Last trade - 14.14pm 21/05/2024 (20 minute delay) ? |
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Last
$1.52 |
Change
0.020 ( 2.01 %) |
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| Open | High | Low | Volume | ||
| $1.53 | $1.53 | $1.52 | 1843 | ||
| Last updated 14.14pm 21/05/2024 ? | |||||
| CYG (ASX) Chart |