So this is how I think of this transaction:
1. PGC undertakes a capital raising o $201,494,830 by issuing 943,524,071 shares to CH2 at 21.4c per share
2. PGC uses the $201,494,830 capital raised to purchase all the shares in CH2
So PGC were able to undertake a substantial capital raising at higher than the prevailing share price (albeit not much greater) when normally capital raising of that size would require a deep discount.
So on the surface, a good transaction? Well that depends on whether CH2 turns out to be a good purchase.
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44.0¢ |
Change
0.020(4.76%) |
Mkt cap ! $728.3M |
Open | High | Low | Value | Volume |
41.0¢ | 44.0¢ | 40.5¢ | $1.783M | 4.231M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 467 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 3823 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 467 | 0.430 |
1 | 2013 | 0.425 |
1 | 50000 | 0.420 |
1 | 9748 | 0.410 |
3 | 71235 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 3823 | 2 |
0.445 | 47000 | 1 |
0.450 | 233382 | 6 |
0.460 | 35444 | 3 |
0.465 | 20000 | 1 |
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