Australia's largest stock trading and investment forum Australia's #1 stock forum

GDA

Click for more information

1.67%

30.5¢ good drinks australia ltd

Yep, so many capital raises were happening and dragging down the...

First 21 Last

Share
Profile

Follow
Robot16

160 Posts.

4

05/08/21

09:48

Post #: 55045591
Share

Originally posted by GrizzlyAu: ↑

I forget exactly when the last cap raise was, at some point near the beginning of the pandemic I think. I, and many others were annoyed with the additional cap raise that turned out to be unnecessary, but at that point in the pandemic nobody knew what was going to happen. The extra dilution was frustrating, but perhaps it was the right call.

Everybody was predicting the Australian economy would crumble, the housing market would implode and all discretionary spending would grind to a halt. Instead people got locked up at home and drank themselves silly with free government money.

GDA management put out a statement last year saying that they had listened to investors and there would be no more cap raises. While I'm not prone to believe everything I read, directors and management then put their hands in their own pocket and picked up a swag of shares on market at around 5 cents. That I do believe and I followed suit adding a big chunk to my holding at that time.

Expand

Yep, so many capital raises were happening and dragging down the sp.
I stayed holding when they said it would be the last raise... Glad I stayed. I left other companies where they went back on their word.

GDA Price at posting: 9.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

TLX

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

AUG

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

TX3

Canadian fieldwork yields multiple pegmatites for Trinex

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

RNU

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

There are more pages in this discussion • 8 more messages in this thread...

First 21 Last

Add GDA (ASX) to my watchlist

(20min delay)
Last 30.5¢		Change 0.005(1.67%)		Mkt cap ! $40.30M

Open	High	Low	Value	Volume
31.0¢	31.0¢	30.5¢	$25.05K	81.64K

Buyers (Bids)

No.	Vol.	Price($)
1	613	30.0¢

Sellers (Offers)

Price($)	Vol.	No.
30.5¢	32424	2

View Market Depth

No.	Vol.	Price($)
1	613	0.300
1	1816	0.290
1	8000	0.285
2	46428	0.280
1	7537	0.275

Price($)	Vol.	No.
0.305	32424	2
0.315	33473	3
0.320	12121	1
0.325	2888	1
0.350	3315	2

Last trade - 15.27pm 11/07/2024 (20 minute delay)

GDA (ASX) Chart