The company just paid $500,000 to place 2 million shares are a deeply discounted price and retail shareholders have been totally disregarded.
This shows a disregard to shareholders and suggests the company must have needed cash urgently. I think a rights issue would have been fairer and produced the same result if the urgency was not the driving motivation.
Ann: Successful completion of $12.5m Institutional Placement, page-2
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Last
$10.50 |
Change
0.100(0.96%) |
Mkt cap ! $537.3M | |||
| Open | High | Low | Value | Volume |
| $10.42 | $10.57 | $10.42 | $380.3K | 36.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 191 | $10.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.50 | 5019 | 3 |
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| Last trade - 13.23pm 25/06/2024 (20 minute delay) ? |
| PAC (ASX) Chart |