In the instance of a capital raise, unfortunately given the insto shareholders have been burnt big on RED, I don't think there will be much appetite from these holders. I am not sure a $1.10 would be the right level. I think it will have to be a deeply discounted rights issues (ie sub 80cps) to get sufficient interest from the insto community. And it will be the insto holders who control this process, should it eventuate.
In the instance of a capital raise, unfortunately given the...
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Last
39.5¢ |
Change
0.020(5.33%) |
Mkt cap ! $2.686B | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 41.0¢ | 38.5¢ | $16.57M | 41.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 366948 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 1807129 | 12 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |