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.
Ann: Successful Completion of Entitlement Offer, page-4
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Last
$1.40 |
Change
-0.020(1.41%) |
Mkt cap ! $218.6M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.43 | $1.40 | $95.77K | 67.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10905 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.42 | 9378 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| D2O (ASX) Chart |