Oh - 6th is also ex dividend date too. (Again check ASX to be sure). So this date is extremely important when deciding whether to buy or hold or sell. I think the price might fall considerably on the 6th - but you never know. I plan to buy some if the SP falls quite a bit.
It is really annoying when a company only puts a record date and not an ex entitlement date on the documents. I get the strong impression that they are happy for some retail holders to be confused by this. This cap raise is also extremely unfair to most current holders as you get nothing if you don't take up your entitlement, but the (sub)underwriter probably makes a lot of money. Also most of the 62% dilution is already going to the placement recipients at $1.05. Tough luck!
AUG Price at posting:
$1.33 Sentiment: None Disclosure: Not Held
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