Karll,
That's an assumption, the name of the game these days is to make profit quickly and although I understand there maybe a small pocket of noble investors I think it would be a small number and more likely to be LT investors who would not be selling the day after the shares are available for a 1 pip profit.
Of course it's simpler to manage parcels but isn't it in CTP's interest to raise as much capital as possible? I don't agree with your logic - a small investor buying as much as a large one.
Small investors have a reason for being small and that's most likley a lack of disposable income to spend on shares. Why would an owner of say just 20,000 shares now see an opportinunity to by 45,000 shares ($2,500). I'm one of these. I would have invested $1000 if given the chance, but I wasn't - how many more of us like this were there?
I don't see any ann about being oversubscribed!
The parcels were restrictive and CTP had to find more funds from Pattos to fill the gap.
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central petroleum limited
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announcement - capital raising, page-6
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Last
5.8¢ |
Change
-0.002(3.33%) |
Mkt cap ! $43.22M |
Open | High | Low | Value | Volume |
6.0¢ | 6.0¢ | 5.5¢ | $32.25K | 568.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 203399 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 1100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 203399 | 0.055 |
2 | 400000 | 0.054 |
4 | 830000 | 0.053 |
4 | 305012 | 0.052 |
5 | 1259600 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 1100 | 1 |
0.059 | 9996 | 1 |
0.060 | 220988 | 5 |
0.061 | 50000 | 1 |
0.062 | 100000 | 1 |
Last trade - 13.05pm 31/07/2025 (20 minute delay) ? |
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CTP (ASX) Chart |