I am fairly certain we have all been screwed (if you elected to be part of the DRP).
If it's true, we all just paid a premium to the market price.
If you read their PDS there is no consideration of the fact the share price might be at a discount to NAV. The DRP is the dumbest thing I have seen.
The only other entity to have this type of plan, that I know of, is Magellan. And even they had the conscience to suspend the DRP when the share price dropped lower than the NAV.
Ann: Update - Dividend/Distribution - OPH, page-4
Add OPH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.71 |
Change
0.020(0.74%) |
Mkt cap ! $601.0M | |||
| Open | High | Low | Value | Volume |
| $2.71 | $2.71 | $2.69 | $328.4K | 121.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28785 | $2.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.72 | 20710 | 6 |
View Market Depth
| Last trade - 15.08pm 04/10/2024 (20 minute delay) ? |
| OPH (ASX) Chart |