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.
The company just paid $500,000 to place 2 million shares are a...
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Last
$10.76 |
Change
-0.320(2.89%) |
Mkt cap ! $561.6M | |||
| Open | High | Low | Value | Volume |
| $10.95 | $10.95 | $10.49 | $248.0K | 23.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89 | $10.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.76 | 34 | 1 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| PAC (ASX) Chart |