It doesn't matter if the price drops below 91c, the SPP is still good value. Did you read the announcement fully?
The SPP will be offered at the lower of:
• A$0.91 per share; and
• a 2.5% discount to the VWAP of shares traded on the ASX during the five trading days up to the closing date of the SPP, rounded to the nearest half cent.
Ann: Prospectus, page-18
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Last
42.0¢ |
Change
-0.010(2.33%) |
Mkt cap ! $176.5M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 42.0¢ | $67.01K | 158.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8824 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 11856 | 6 |
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| 4DX (ASX) Chart |