Interesting you find it interesting... as with many CR SPP's this sell existing (high) to provide cashflow to buy (back) SPP allocation (lower) is common.
I've done it before and would do it again if I didn't have the funds to participate, obviously assuming the (CG) Tax implications among other factors didn't outweigh it.
The interesting thing this time (v previous 24c SPP Sept 2020) will be if Retail shareholders take up more than the +/-$5m of the +/-$20m offered.
Which gave the underwritter access to a nice $20m parcel to offload (off market to...we will never know). I ironically just posted on this modus operandi.
Interesting you find it interesting... as with many CR SPP's...
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Last
22.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $634.5M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 22.0¢ | $128.4K | 581.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 135780 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 67933 | 5 |
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| Last trade - 13.27pm 20/06/2024 (20 minute delay) ? |
| BCI (ASX) Chart |