I don't think that if you hold more shares you get a bigger allocation in a SPP .
They are not a proportional type raising .Even if you hold a small parcel you can apply for $30000.
In my experience if they have over subscription they cut back all subscriptions in the same proportion .
So if they get subscriptions for $2 million and they want the SPP to raise $1 million those that subscribed for 30k get 15k and those that subscribed for 5k get 2.5k .
That said these raises always have a clause that says that how the allocations are done is at the complete discretion of the directors , no argument .
There is often a period after a capital raise when the SP falls back near or even under the raise price , that occurs very often but certainly not always .
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Last
6.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.00M |
Open | High | Low | Value | Volume |
6.0¢ | 6.2¢ | 6.0¢ | $201.2K | 3.306M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 150000 | 5.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.2¢ | 350296 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.059 |
3 | 250000 | 0.058 |
2 | 300000 | 0.057 |
4 | 353661 | 0.056 |
4 | 911818 | 0.055 |
Price($) | Vol. | No. |
---|---|---|
0.062 | 350296 | 2 |
0.063 | 684277 | 3 |
0.064 | 150000 | 1 |
0.065 | 500000 | 1 |
0.066 | 169089 | 2 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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