It's unclear why JLG didn't allow the standard maximum $30000 per holder, but instead has gone for a ratio, and subsequently allowing us to double that through our application. This arguably advantages large holders such as the Directors, who to their credit are taking up many shares.
I have nothing against the Board, as it does a stellar job with holders large and small alike seeing massive recent capital growth in the SP.
However the offer is not quite as equitable as it could be.
Ann: Retail Entitlement Offer Booklet, page-9
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Last
$3.75 |
Change
-0.110(2.85%) |
Mkt cap ! $1.044B | |||
| Open | High | Low | Value | Volume |
| $3.84 | $3.88 | $3.73 | $10.04M | 2.655M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 87781 | $3.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.79 | 38487 | 3 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| JLG (ASX) Chart |