I've only been in IMM for 12 months and appreciate I may have a much lower entry point than long term holders - but there is a lot of negativity here.
Nobody likes a CR, but huge volume traded today already and a VWAP of 2.3 cents. How often do you see a stock trading 10% above a CR price? They picked up $6m in insto money and by the look of trading today, the $4m retail offer will be over-subscribed.
Considering the retail entitlement is 1 for 11.8 (8.5%), there's not an awful lot of dilution, particularly if market prices stay above the 2.1 cent offer price. Even if you had 1,000,000 shares at average entry price of 5 cents, taking the retail offer is only going to average your price down to 4.8 cents.
I have very limited knowledge of the science at play here, but feel that the opportunities for IMM are exciting. Only a spec play for me, but I'm happy with where it's at.
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Last
32.0¢ |
Change
0.020(6.67%) |
Mkt cap ! $464.8M |
Open | High | Low | Value | Volume |
30.5¢ | 32.3¢ | 30.0¢ | $1.040M | 3.328M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 31.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.0¢ | 42705 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.315 |
2 | 99831 | 0.310 |
3 | 120000 | 0.305 |
1 | 30000 | 0.295 |
3 | 13890 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 10000 | 1 |
0.330 | 167144 | 3 |
0.335 | 33333 | 1 |
0.340 | 11336 | 2 |
0.345 | 19800 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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IMM (ASX) Chart |