Given the offer pricing and future prospects (provided BGA can achieve the extra cost savings/ synergies as it claims and somewhat increase its net margins - very low presently at three per cent) - we should see a high takeup rate.
The unknown is how many 'widows' (to coin a phrase: those who routinely ignore these retail entitlement offers, don't wish to subscribe or lack the cash) will not partake and hence leave some additional shares for holders wanting the 50 per cent more for which we can apply.
The 'extra shares' component may have to be scaled back, unless the Board decides to increase the size of the retail offer to allow all oversubscriptions to be allotted. IIRC the latter approach has been adopted occasionally by other ASX-listed entities in 2020.
Ann: Retail Entitlement Offer Opens, page-2
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$4.31 |
Change
-0.060(1.37%) |
Mkt cap ! $1.313B | |||
| Open | High | Low | Value | Volume |
| $4.38 | $4.39 | $4.25 | $2.895M | 673.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3542 | $4.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.32 | 5105 | 6 |
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| BGA (ASX) Chart |