Correct and it's worse than a CR .... particularly a renounceable rights CR, as a private placement raises outside the existing shareholder base and is therefore by definition, 100% definitely, dilutional.
It staggers me how investors do not appreciate why the destructive nature of dilutional "outside" placements/raisings (call them what you like!!! ) have a downward pressure on the SP...
More shares ie denominator (with no foreseeable profit..."future" EPS numerator ) = a lower future EPS..... therefore SP!!! It's simple maths!
IMO!
Correct and it's worse than a CR .... particularly a...
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Last
$1.46 |
Change
-0.035(2.35%) |
Mkt cap ! $1.689B | |||
| Open | High | Low | Value | Volume |
| $1.57 | $1.58 | $1.41 | $9.712M | 6.482M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 10097 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 36383 | 8 |
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| Last trade - 11.21am 07/10/2024 (20 minute delay) ? |
| MSB (ASX) Chart |