Either/or, Ann. pre mkt today.
Placement was +2x oversubscribed and Entitlement volume would represent ~45% of the register, likely a very high proportion of insto holdings have exercised.
Wouldn't be counting on any overage in the retail component.
After a few initial reservations this could prove master stroke by the Board, FINALLY derisking the business, putting the foundations on solid rock, with major expansion into 2nd largest manufacturing economy pending.
The strength of this is finally giving existing SH's a win, nice little arbitrage over CR price, but I'm not rushing at it, a US LRE result imminent could add significantly.
Either/or, Ann. pre mkt today. Placement was +2x oversubscribed...
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Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |