Joe, I'm just having a rant about the parasitic finance industry. How can an industry that produces no widgets and merely facilities the transfer of money from one place to another be the largest industry in Australia?
Consider this: JPM got a cut of 2% on the placement and 3.5% of the entitlement offer. They were guaranteed for any losses (by Paladin) in case the offer was a failure. And now they get a whole lot more shares at 0.26 to sell at the market price - they are probably selling now.
Seems to be pretty good business to be in?
Ann: Successful Completion of A$94.6M Retail Entitlement Offer, page-20
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Last
$9.60 |
Change
0.070(0.73%) |
Mkt cap ! $2.871B | |||
| Open | High | Low | Value | Volume |
| $9.63 | $9.86 | $9.49 | $27.59M | 2.850M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1080 | $9.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.60 | 4936 | 1 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |