very low participation by retail investors
If I am reading the announcement correctly 650,000 eligible shareholders and only 11,000 participants.
That's only 2% participation rate.
I figure many retail investors sniffed a dog of a SPP and said "thanks but no thanks".
I think after serious dilution with the money effectively flying out the door but with the increased shares on issue permanently hampering future EPS,
IAG will have a difficult road ahead, no more market darling rock star valuation.
Shares could still fall further
Ann: IAG Opens Share Purchase Plan, page-48
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Last
$7.70 |
Change
-0.070(0.90%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $7.79 | $7.79 | $7.66 | $11.65M | 1.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 37019 | $7.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.70 | 32003 | 29 |
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| Last trade - 15.13pm 13/09/2024 (20 minute delay) ? |
| IAG (ASX) Chart |