Thanks for the insight. I agree that holders who own more than 800K (@$17) in BRG will perhaps help the pool a little as they will be diluted even more. Though the proportion of retail holders this large is very very small.
However, I am yet to see a scale back that was based on the amount applied for and I have participated in/followed more than 10 over the last few months. Every scaleback to date has been based fully on the number of shares held when the raising was announced. The 18% figure will vary depending on how much you personally applied for. It is irrelevant in terms of calculating dilution and what % of your current holding you will get. Best guess at the moment is around 4% of your holding on the census date. No wonder management snuck this announcement in at the end of the day!
Thanks for the insight. I agree that holders who own more than...
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Last
$28.58 |
Change
-0.170(0.59%) |
Mkt cap ! $4.099B | |||
| Open | High | Low | Value | Volume |
| $28.81 | $29.02 | $28.29 | $6.124M | 214.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7567 | $28.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.66 | 4063 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BRG (ASX) Chart |