They are essentially raising money for the business by issuing more shares and selling them to sophisticated investors (rather than the general public)
Positives: Company has more money
Negatives:
- Company issues more shares, therefore our shares are now worth less.
- Company issues these shares at a price less than market value
- Both of these lead to the stock price going down in value (short term), but hopefully up in value (long term) if they can get a high return on equity (ROE)
- More shares on issue, lead to a lower earning per share (eps) in the future
Ann: Trading Halt, page-40
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ODE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $3.129M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.805K | 601.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 4511734 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 14683550 | 24 |
View Market Depth
| Last trade - 15.59pm 16/07/2024 (20 minute delay) ? |
| ODE (ASX) Chart |