There'll be a fair few renounced by retail - always is. However those who renounce should get some cash - that at least is fair, accepting nothing is perfect. The only way retail could practically buy the excess is with a set price - i.e. $6.75 - but then the renouncers would be getting ripped off. It is another issue that retail investors could have access to such a bookbuild. Would be nice, and I think eventually will happen. (like in ten years?) Esp for a bluechip stock like TCL.
Anyway - worth waiting to see where the SP goes. If you can get them below $7 - then you are beating the institutions price from their bookbuild.
capital raising, page-20
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Last
$12.54 |
Change
0.060(0.48%) |
Mkt cap ! $38.92B | |||
| Open | High | Low | Value | Volume |
| $12.51 | $12.60 | $12.45 | $49.73M | 3.966M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5338 | $12.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.56 | 10718 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TCL (ASX) Chart |