The maths:
Currently 154m shares @57cps = M/cap $ 88m
Cap raise 36m shares $18m
Post raise 190m shares $106m = 54cps
SPP to current shareholders to raise $5m = 1 new share for every 15 held
A little speculation:
Where the SP goes depend where the shares have gone, sounds like plenty of interest and possibly oversubscribed, hopefully institutional investors, if so little short term impact. If “sophisticated” investors they will be in for a quick buck and the SP will languish till soaked up. There is a possibility that if the SPP is underwritten the SP will go below 50cents as the underwriter chases additional shares - this will be a very good buying opportunity.
- Forums
- ASX - By Stock
- Ann: Trading Halt
The maths:Currently 154m shares @57cps = M/cap $ 88mCap raise...
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OCC (ASX) to my watchlist
|
|||||
Last
36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $76.49M |
Open | High | Low | Value | Volume |
37.5¢ | 37.5¢ | 36.5¢ | $18.00K | 49.27K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 119640 | 36.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 668 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2 | 0.365 |
7 | 73343 | 0.360 |
5 | 73319 | 0.355 |
5 | 102025 | 0.350 |
3 | 80195 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 10067 | 3 |
0.380 | 10671 | 1 |
0.390 | 79373 | 6 |
0.395 | 30226 | 2 |
0.400 | 126751 | 4 |
Last trade - 15.28pm 29/08/2024 (20 minute delay) ? |
Featured News
OCC (ASX) Chart |