cochlea scaled back their spp retail applications to 41% a couple of weeks ago, however the spp issue price was $140 and they were trading the whole time at >$180, so it was a gift horse...so not all companies are taking what they get.
This QBE spp is definitely not a gift horse, as you could have bought on market yesterday at $7.51 which is lower than the currrent 2% discount vwap price after day 3....
I think you will get what you ask for because:
- there will be lower than expected shareholder participation in this spp &
- I feel this company will definitely want as much $$ they can get from this raising to fortify it's balance sheet against the negativity/potential liabilities etc.
I think even the current NAB spp will accept a lot more than they are asking for, and that one is a healthy discount at the moment ($14.15 issue price vs current price $16.22), so there should be good shareholder participation in that one.
See what happens.
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Last
$15.90 |
Change
-0.185(1.15%) |
Mkt cap ! $23.85B |
Open | High | Low | Value | Volume |
$16.08 | $16.13 | $15.84 | $43.07M | 2.694M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 2763 | $15.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.90 | 5197 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
39 | 15019 | 15.880 |
12 | 4914 | 15.870 |
15 | 5839 | 15.860 |
14 | 14533 | 15.850 |
13 | 13055 | 15.840 |
Price($) | Vol. | No. |
---|---|---|
15.890 | 6498 | 29 |
15.900 | 6040 | 17 |
15.910 | 3955 | 12 |
15.920 | 4138 | 11 |
15.930 | 6323 | 9 |
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