What do we read into DDR increasing the SPP from $10m to $21.8m? Given market conditions, retail shareholders were muted in the level of applications, so given the small level of over subscriptions relative the the previous SPP, I guess it makes sense for DDR to take all the cash on offer.
From a shareholder perspective, given the new shares are underwater given yesterday’s close, it’s hard to be too excited about receiving my full application. I wonder if there are many shareholders who applied for more shares than they really wanted assuming there would be some scaling, which means there will be a bit of short term overhang?
What do we read into DDR increasing the SPP from $10m to $21.8m?...
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Last
$10.45 |
Change
0.210(2.05%) |
Mkt cap ! $1.885B | |||
| Open | High | Low | Value | Volume |
| $10.24 | $10.50 | $10.23 | $1.363M | 130.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 990 | $10.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.46 | 818 | 1 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| DDR (ASX) Chart |