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
$10.11 |
Change
-0.050(0.49%) |
Mkt cap ! $1.823B | |||
| Open | High | Low | Value | Volume |
| $10.16 | $10.22 | $10.02 | $3.851M | 381.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11189 | $10.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.17 | 1273 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| DDR (ASX) Chart |