Below is the snapshot of what happened to CRN share price last year after cap raise. Closed at 82.5c before trading halt and then opened at 69c so ~20% discount. Applying the same discount share price will open on Monday at ~50c.
Last time the raise was done at ~30% discount to last close (60c). If they can get the placement done at 50c I expect the discount would be less. Using the same 30% discount, we'd be raise at 42c (ouch!)
Ann: Refinancing Package, page-13
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Last
98.0¢ |
Change
-0.040(3.92%) |
Mkt cap ! $1.642B | |||
| Open | High | Low | Value | Volume |
| $1.01 | $1.01 | 98.0¢ | $2.333M | 2.351M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 66905 | 98.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.5¢ | 13392 | 2 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| CRN (ASX) Chart |