Much, if not more, of the criticisms levelled at RED are accurate (some are sour grapes).
But that's only one side of the equation. The other is price.
Remember "underwritten" for instos/sophs; that's a huge vote of confidence by the broker. The fact that the offering to investors is "underwritten" is outstandind, demanding notice!
Then there's the share price: It's cheap!
At some point price meets risk and it's a BUY.
OV
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Ann: Red 5 launches capital raising, page-39
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Last
45.0¢ |
Change
-0.005(1.10%) |
Mkt cap ! $1.558B | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 46.0¢ | 44.0¢ | $8.577M | 19.11M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 274967 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 1146392 | 13 |
View Market Depth
| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |