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.
Capital raises are always less than market price to encourage...
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Last
$1.86 |
Change
0.020(1.09%) |
Mkt cap ! $911.5M | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.88 | $1.82 | $391.5K | 210.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1536 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.89 | 6850 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| NGI (ASX) Chart |