The questionable logic of QAN in pitching the new issue price at $4.20 is currently costing the small investor heaps.
Assuming the small investor holds 8,200 QAN he will be offered another 1,000 at $4.20. Based on the previous QAN close, if one takes up the offer then the average price for the 9,200 will be $4.64.
That compares to the current price of $4.44.
Ah well, at least the insto's will be able to book a healthy trading profit by arbitraging their allocations.
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Small investor being crucified.
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Last
$6.16 |
Change
-0.090(1.44%) |
Mkt cap ! $10.03B |
Open | High | Low | Value | Volume |
$6.24 | $6.24 | $6.15 | $25.71M | 4.159M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 40802 | $6.16 |
Sellers (Offers)
Price($) | Vol. | No. |
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$6.17 | 61261 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 100 | 6.500 |
1 | 4899 | 6.300 |
1 | 1894 | 6.270 |
1 | 124 | 6.170 |
1 | 6 | 6.160 |
Price($) | Vol. | No. |
---|---|---|
5.860 | 87 | 1 |
5.970 | 1447 | 3 |
6.000 | 819 | 2 |
6.040 | 2107 | 1 |
6.100 | 4114 | 2 |
Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
$6.16 |
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Change
-0.090 ( 1.33 %) |
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Open | High | Low | Volume | ||
$6.24 | $6.24 | $6.15 | 915297 | ||
Last updated 15.59pm 23/05/2024 ? |
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