My read is that the 16.2 million shares have been / will be issued to the underwriters rather than it being intended that D2O will run a shortfall bookbuild process. A direct approach to the lead underwriter might be the answer to determine if, when and at what price they’re prepared to sell.
Given the share price only hovering above $1.50 since the issue opened, for me it’s no surprise that there was only a 45% participation rate. The question is whether the share price will return to $1.70 ish in the next few months, thereby creating a buying opportunity at todays level.
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Last
$1.36 |
Change
0.025(1.87%) |
Mkt cap ! $212.6M |
Open | High | Low | Value | Volume |
$1.34 | $1.36 | $1.34 | $35.42K | 26.32K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7347 | $1.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.36 | 15999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7347 | 1.340 |
2 | 787 | 1.335 |
1 | 38 | 1.330 |
1 | 36 | 1.325 |
1 | 386 | 1.320 |
Price($) | Vol. | No. |
---|---|---|
1.360 | 15999 | 1 |
1.380 | 1395 | 1 |
1.385 | 14890 | 2 |
1.390 | 126317 | 3 |
1.420 | 500 | 1 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
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D2O (ASX) Chart |