Yes I agree, it could have been handled/communicated in a better way.
But nevertheless, I think its a fair deal for the convinced longer term shareholders (like myself). If the communicated numbers are correct, everybody with a little more than 23.000 shares will get the full allocation.
It seems like everybody gets up to 14 % of their current investment, the whole think is capped at 30.000 AUD, which favors the smaller shareholders, so all in all a good and fair deal. Why should some short-term speculator with 1000 AUD (or less) worth of stock profit disproportionately ?
Fact is, the share price is doing extremely well for a company that just diluted more than 10%. If that wouldn't be the case, people would not complain. Investors do believe that this company has way further to go and so do I.
Golden future ahead ;-)
Ann: Share Purchase Plan Offer Closes Oversubscribed, page-99
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Last
$15.85 |
Change
0.150(0.96%) |
Mkt cap ! $18.22B | |||
| Open | High | Low | Value | Volume |
| $16.00 | $16.05 | $15.81 | $86.08M | 5.402M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9868 | $15.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.86 | 1500 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |