Actuallylooked at IPL and decided to not bother after management was trumpeting howwell the fertilizer business was going – thinking there would be no cap raise.Got that wrong.
My ideawas to buy into reasonable quality profit making companies at a discount. Thestrategy that worked well in the GFC hasn't worked this time because SPP issueslook like they will be pretty much all on a pro rata basis. Add to that themassive over subscriptions we are seeing, unless you have a large holding youprobably won't get much. IPL will probably be similar. Ihave now sold all of the small holdings I had since it doesn’t seem worthwhile.
Actuallylooked at IPL and decided to not bother after management...
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Last
$2.85 |
Change
0.010(0.35%) |
Mkt cap ! $5.535B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.88 | $2.81 | $38.92M | 13.73M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 64697 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 465690 | 9 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| IPL (ASX) Chart |