Rights offers take care of existing shareholders better than a placement - at least shareholders get to participate in the dilution to maintain their % of the company before opening up to outsiders.
The way this offer is structured suggests the management is very confident of their shareholders/supporters to take up their entitlement. There is a negligible discount (-3.5% vs typical -15%) and the advisor to the offer is underwriting it. Maybe something is coming up.
Rights offers take care of existing shareholders better than a...
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Last
1.5¢ |
Change
0.003(25.0%) |
Mkt cap ! $6.841M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.3¢ | $47.64K | 3.394M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 482007 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 99845 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
1.5¢ |
Change
0.003 ( 25.0 %) |
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| Open | High | Low | Volume | ||
| 1.4¢ | 1.5¢ | 1.4¢ | 1193471 | ||
| Last updated 15.13pm 24/05/2024 ? | |||||
| PSL (ASX) Chart |