Capital raises are always less than market price to encourage maximum participation. You would normally expect an initial fall in the share price to close the gap - we'll have to wait and see to what extent. These fluctuations are short term and the value assessment is whether this is a value accretive transaction. If so, market price will rise over time.
I expect to take up most of the entitlement. The dividend will pay for the extra investment over the next 12 months and the company appears to be in a growth mode.
good luck.
Ann: Investment in Marble Capital and equity raising, page-4
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$1.89 |
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Mkt cap ! $923.7M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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