Going to be interesting to see how the retail component goes... was a terrible uptake in the last cap raise. Even though it was money for jam... 1.80 raise price and I think the SP was mid 2's when the offer closed.
Option 1 - Take part - get your cost average down. In the hope of a take over / slow recovery.
Option 2 - Do nothing - wait for the dust to settle / next trading update. The talk of "green shoots" by the CEO is getting a bit tiresome.
Option 3 - Sell - lock in capital loss. Preserve some capital in case the company completely fails / receivership.
it's a difficult one, could really go any way from here : )
I see Macquarie has ceased coverage of APX!
Ann: Trading update and fully underwritten A$30m equity raising, page-55
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Last
$1.19 |
Change
0.125(11.8%) |
Mkt cap ! $269.8M | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.27 | $1.10 | $17.57M | 14.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 119300 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 62161 | 4 |
View Market Depth
| Last trade - 12.33pm 20/08/2024 (20 minute delay) ? |
| APX (ASX) Chart |