Again my observations over time.
Current share holders would say get a renounceable rights offer for say $1:35 (Discount price from current SP of $1.44)
Now everyone cannot afford to buy at that price.
Underwriters get the leftover at a further discount price, say $1.25
Underwriters are not there for a future investment, They will start fobbing off the shares on the ASX from $1:28 onwards at a quick profit.
This will bring down the average price of the DEG shareholder by over 10%.
Wiping off value on the original shares they hold, and start losing on the their rights buy.
Ann: Trading Halt, page-64
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Last
$1.23 |
Change
0.085(7.42%) |
Mkt cap ! $2.948B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.23 | $1.19 | $11.98M | 9.913M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 90825 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 141096 | 16 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| DEG (ASX) Chart |