I opined there was a good chance this SPP would be well supported.
It was aimed at raising 'A$20 million' but A$53.1 million was the result.
Stellar, as not every SPP achieves this result.
This demonstrates in a micro way how much money there is sloshing around looking for a home given minnow retail holders may want to avoid extremely low interest term deposits.
However, more importantly, it's a major compliment to 'Mr Market' regarding SDF as a well run listed company, although one source ('Simply Wall St' IIRC) claims SDF has an 'unstable dividend track record' and 'a high level of debt'.
Doesn't seem to have deterred other analysts who are positive about the company.
Mr Robert Kelly, MD/CEO and Mr Frank O'Halloran, Chairman, please take a bow.
SDF Price at posting:
$4.83 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)