weird is being nice i reckon.
price was circa 160c the arvo before cap raise pitched yhen “mysteriously” dropped 10c in last hour of trade. Slx then got schooled and sold to non holders for a massive discount because they presumably wanted sticky instos on the books.
They screwed retail by stuffing up on the 15% because they gave too many cheap shares to non holders.
Now the “instos” who were presumably not strategic buyers just bottom feeders leveraging off inexperience have not supported the share price now they are under water.
The mind boggles. Oh well another lost period. Next time slx give awsy cheap shares, maybe worth selling them to someone with a strategic interest not just soneone who will buy only olif they get a massive discount AT THE TIME OF THE PLACEMENT.
Ann: Share Purchase Plan Offer Booklet, page-11
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Last
$4.66 |
Change
0.160(3.56%) |
Mkt cap ! $1.105B | |||
| Open | High | Low | Value | Volume |
| $4.61 | $4.70 | $4.53 | $1.055M | 227.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 3787 | $4.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.66 | 3059 | 22 |
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| Last trade - 15.44pm 07/10/2024 (20 minute delay) ? |
| SLX (ASX) Chart |