It won't appear on my dodged bullets list because I'm not selling it. I never said they have allocated capital poorly. I also have faith in the management's vision for the business, that's why I'm invested. I just think they could have gotten a better price for the cap raise and dilluted our holdings significantly less. However if my third option is the reason for how they went about this raise - "they think there is a huge oportunity to invest heavily in the near term in the business to turn it into a significantly bigger business" then fair enough, sounds like you think that is the case. As you say, they would be the best ones to know if this is true. I feel the same as you generally that what is good in the long term for shareholders is good regardless. TBH I am just a bit frustrated with unfair capital raising having had it happened to me recently with IntelliHR and before that to a lesser degree with Eroad. This one feels disproportionately good for the instos and somewhat dodgy, I havent even had a chance to analyse the business post age of darkness success let alone this new contract and a ton of new shares are being issued, and it is a lot
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Last
85.5¢ |
Change
0.010(1.18%) |
Mkt cap ! $348.8M |
Open | High | Low | Value | Volume |
84.5¢ | 86.0¢ | 83.0¢ | $2.319M | 2.719M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 56618 | 84.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
85.5¢ | 9907 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 56618 | 0.840 |
1 | 2618 | 0.835 |
1 | 603 | 0.830 |
1 | 10608 | 0.825 |
2 | 1188 | 0.820 |
Price($) | Vol. | No. |
---|---|---|
0.855 | 9907 | 2 |
0.860 | 15207 | 2 |
0.870 | 1222 | 1 |
0.885 | 8000 | 1 |
0.890 | 1469 | 2 |
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