What do you mean?
"[a] fully underwritten Retail Entitlement Offer is expected to raise approximately A$8.4 million and is expected to open on Wednesday, 31 October 2018..."
- same terms as the institutional placement, $1.50/share.
And as @Vet14 points out, you can probably pick them up on market now below $1.50.
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The 54% take-up rate among eligible institutional shareholders doesn't seem like a great vote of confidence in the deal.
What do you mean? "[a] fully underwritten Retail Entitlement...
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