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...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NGI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.04 |
Change
0.030(1.49%) |
Mkt cap ! $996.8M | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.04 | $2.00 | $670.9K | 331.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1854 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 162 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| NGI (ASX) Chart |