for those thinking about making the arbitrage between current SP and the SPP at $14.60: Although the potential max buy-in is $30k, this will highly likely be unsucessful as the SPP will be potentially be over-subscribed and be scaled back!! Someone educate if I'm missing something:
There is approx 110,000 shareholders based on most latest annual report.
SPP intends to raise up to $40M.
If the SPP has a minimum buy-in of $2000 - and everyone goes in - that'd be $220M already. Even if 1 in 4 participate, that's still $55M. And FLT plans to raise up to $40m only..!
No point trying to sell your holdings and try to raise $30K to go in on SPP. I will HODL and participate for atleast the minimums when more details are given!
2023 should defs pick up the pace even if FLT is lagging a bit behind compared to other travel companies. China big tourism groups are finally slowly starting to open - 20 countries from this month, and more to follow suit hopefully!
- Forums
- ASX - By Stock
- FLT
- Ann: Proposed issue of securities - FLT
Ann: Proposed issue of securities - FLT, page-40
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FLT (ASX) to my watchlist
|
|||||
Last
$20.63 |
Change
0.640(3.20%) |
Mkt cap ! $4.559B |
Open | High | Low | Value | Volume |
$20.11 | $20.66 | $20.11 | $30.66M | 1.497M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 391 | $20.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.63 | 26098 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 391 | 20.610 |
4 | 9669 | 20.560 |
1 | 1144 | 20.550 |
2 | 4417 | 20.530 |
1 | 896 | 20.520 |
Price($) | Vol. | No. |
---|---|---|
20.640 | 437 | 1 |
20.650 | 7262 | 5 |
20.660 | 58 | 1 |
20.670 | 695 | 1 |
20.680 | 1250 | 2 |
Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
Featured News
FLT (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, CEO
James Graham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online