Much less attractive than previous rights issue. Looks like a hurried job which also explains the typos, wrong dates etc I suspect.
Previous rights issue was one free option for every share purchased. That was quite attractive. This one is only half that. Given that its only 1:5 rights on the heads that means you only get 1 option for every 10 shares held (1:10) and thats if you pay up.
The massive discount which they always do just brings the SP down to close to the offer price which is what has happened. Very predictable and I have been talking about it for months haven't I kpt3891? Its the options which are supposed to be the sweetener but they have skimped on that this time.
Worse still for shareholders the undertaker gets paid a small fortune from the proceeds of the CR to buy the cheap shares if people don't want them. Ouch. What do you think the undertaker does with stock they pick up this way? How long before it all gets dumped back into the market?
This makes a dogs breakfast look appealing.
Much less attractive than previous rights issue. Looks like a...
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Last
6.0¢ |
Change
0.005(9.09%) |
Mkt cap ! $54.13M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 6.2¢ | 5.5¢ | $10.00K | 167.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12000 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 394389 | 2 |
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| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
5.9¢ |
Change
0.005 ( 7.27 %) |
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| Open | High | Low | Volume | ||
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| Last updated 14.10pm 29/05/2024 ? | |||||
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