AE23,
The most recent CR was done on these terms,
"The Issue Price represents a 18.2% discount to the closing price of A$0.0055 on 27 November 2023
and a 23.6% discount to the ASX VWAP for the ten trading days prior to 28 November 2023"
Possibly and indication.
The company(88e) will have a number in mind that they will want to raise, the brokers will also have a number in mind that they think they can sell, should the discount and/or sweetners meet the market. Those numbers are not always the same.
Bear in mind, these CR's are typically followed by a news release that can often result in a short term trade.
Just my thoughts.
Cheers
Ann: Trading Halt, page-11
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add 88E (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $1.039K | 519.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 363 | 994625227 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 101395656 | 19 |
View Market Depth
| Last trade - 09.59am 13/11/2024 (20 minute delay) ? |
| 88E (ASX) Chart |