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$1.82 zip co limited..

Thanks so much foo ling yu. Appreciate the patient and thorough...

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arbphantom

54 Posts.

10

17/12/19

20:15

Post #: 42017585
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Originally posted by foo ling yu: ↑

The oversubscription was the initial placement of $50m to sophisticated investors. They ended up accepting $60m from this segment of the cr.

The total initially sought was $60m (50m placement + $10m share purchase plan)
They've collected the whole $60m from the placement to sophs which happened before the price fell.

These investors aren't interested in playing the market to catch a few cheaper shares a few at a time, if they like the price, they buy in bulk usually with a long term outlook.

The few that buy through the spp are securing shares on the same basis, some are aware of the current price, some arent, and some just don't care to play day to day trading for a bit more of a discount. Many older investors still rely on mail and verbal contact with a personal broker.

In any case, 10-20c should be neither here nor there in 1-2yrs time.

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Thanks so much foo ling yu. Appreciate the patient and thorough response.

Z1P Price at posting: $3.52 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $1.82		Change 0.075(4.30%)		Mkt cap ! $2.050B

Open	High	Low	Value	Volume
$1.77	$1.82	$1.72	$39.81M	22.44M

Buyers (Bids)

No.	Vol.	Price($)
1	2000	$1.81

Sellers (Offers)

Price($)	Vol.	No.
$1.82	126671	13

View Market Depth

No.	Vol.	Price($)
2	375	1.910
1	264	1.900
2	13112	1.890
5	9272	1.850
1	48	1.845

Price($)	Vol.	No.
1.810	5039	3
1.815	2216	1
1.820	41235	11
1.825	100	1
1.830	5050	1

Last trade - 16.10pm 09/07/2024 (20 minute delay)

ZIP (ASX) Chart