This is the headache of very large cap raisings.
Retail can now just buy on market at a price that is less than the capital raising price.
Buy on market today $2.68 capital raising price $2.70.
Why subscribe???
This means the retail underwritten component will start getting dumped on market by the underwriters.
Insto's can also just buy on market cheaper, so insto's not likely to buy the retail component.
Ann: ORA - Completion of Institutional Entitlement Offer, page-71
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 (20min delay)
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Last
$2.61 |
Change
-0.010(0.38%) |
Mkt cap ! $3.506B | |||
| Open | High | Low | Value | Volume |
| $2.59 | $2.65 | $2.57 | $17.95M | 6.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1916 | $2.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.61 | 1916 | 1 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| ORA (ASX) Chart |