Lots of non-holders commentating and very few holders. The last traded price is not reflective of the issue of a ridiculous 10 for 1 dilution, and its price of course dependent on take up, but 30 cents vs the 2.9 cents rights price is a mighty tempted mark-up for share that should, being ex-entitlement, be theoretically trading at a par to the extra 10 for 1 existing.
Perhaps not quite the doom and gloom the commentators posting on here - the company management appalling undeniably - given the Vietnamese and Singapore approvals. Personally I will be reinjecting the money I made selling at okay levels cum-entitlement and also on the final days trading 500-900% rally in the rights entitlement.
To give you a clue if the new shares trade half the closing price (presuming the fools managing get the reporting done), they are worth fivefold their cost - not without considerable risk to all invested capital going to zero of course. What bedlam this end of the market. Strong arguments for stronger listing rules and serious amendments/floors in entitlement discounts in Australian Securities law.
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5.8¢ |
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Mkt cap ! $6.643M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 245506 | 5.8¢ |
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Price($) | Vol. | No. |
---|---|---|
5.9¢ | 17543 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 245506 | 0.058 |
3 | 310833 | 0.056 |
6 | 796362 | 0.055 |
2 | 212000 | 0.054 |
1 | 14000 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 17543 | 1 |
0.061 | 18378 | 1 |
0.062 | 12924 | 1 |
0.063 | 12000 | 1 |
0.064 | 66666 | 2 |
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