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$1.48 coventry group limited

Are you suggesting the offer my not be as lucrative to retail...

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borg81

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17/04/24

17:34

Post #: 73392594
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Originally posted by SouthernLad: ↑

The AFR is reporting that the institutional capital raise has been increased to $30m due to strong support. This mornings announcement had it at $25m. I assume given only $20.7m could be done under CYG’s current placement headway, the additional $5m will be conditional on shareholder approval.

Existing shareholders should be arguing for an increase in the $2m limit on the SPP to avoid being diluted more than originally anticipated. Given the strong increase in pro forma EPS from the acquisition, the headline of minimal discount to last Friday’s share price is misleading. Retail shareholders need to seriously consider whether they participate to the maximum extent possible.

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Are you suggesting the offer my not be as lucrative to retail shareholders?

CYG Price at posting: $1.54 Sentiment: None Disclosure: Held
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(20min delay)
Last $1.48		Change -0.020(1.33%)		Mkt cap ! $162.2M

Open	High	Low	Value	Volume
$1.49	$1.49	$1.46	$2.017M	1.439M

Buyers (Bids)

No.	Vol.	Price($)
1	2500	$1.45

Sellers (Offers)

Price($)	Vol.	No.
$1.49	4500	1

View Market Depth

No.	Vol.	Price($)
1	2500	1.445
2	15502	1.420
2	1071	1.400
1	741	1.350
1	1000	1.250

Price($)	Vol.	No.
1.490	4500	1
1.500	18851	1
1.600	32000	1
1.650	13983	2
1.700	5000	1

Last trade - 16.10pm 17/05/2024 (20 minute delay)


Last $1.48			Change -0.020 ( 0.00 %)
Open	High		Low	Volume
$1.49	$1.49		$1.45	14017
Last updated 15.53pm 17/05/2024 ?

CYG (ASX) Chart