Absolutely Retail have sold the SP down from 8.4 cents post announcement to 6.0 cents today. But that is not Retails fault, that's PH or Bell Potters fault in how they designed the SPP with an upper cap of 8.4 cents less 2.50% and no theocratical bottom. This incentivised Retail to dump $30M of new share supply into a retail market that trades $1M - $2M on any given day.
What did they exactly think was going to happen?
Ann: Share Purchase Plan Closing Date Extended, page-178
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Last
7.0¢ |
Change
-0.001(1.41%) |
Mkt cap ! $512.3M | |||
| Open | High | Low | Value | Volume |
| 7.2¢ | 7.4¢ | 7.0¢ | $1.229M | 17.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 707803 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.1¢ | 172396 | 5 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
7.1¢ |
Change
-0.001 ( 1.25 %) |
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| Open | High | Low | Volume | ||
| 7.2¢ | 7.3¢ | 7.0¢ | 6411396 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| IMU (ASX) Chart |