When the share price is at a considerable premium the "capital raise" simply allows shareholders to get extra shares below the prevailing market price. It is not a capital raise in the sense that most companies raise to get the funds to assist their ongoing operations.
In fact, the $9.30 maximum price is still a premium even though less than the prevailing market price. I expect that there will be quite a bit of selling to get the $30,000 needed to take up the SPP and we might see out $9.50 or so reduce towards $9.30.
When the share price is at a considerable premium the "capital...
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ARG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.85 |
Change
-0.060(0.67%) |
Mkt cap ! $6.762B | |||
| Open | High | Low | Value | Volume |
| $8.90 | $8.90 | $8.85 | $1.081M | 121.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 21264 | $8.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.88 | 4585 | 3 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| ARG (ASX) Chart |