I'm not holding this stock but for those who are should be ready for a possible 8% drawdown from market open on Wednesday because the placement being conducted today is fully underwritten and won't be done below $10.35. So this is likely to see the SP take a hit particularly as the purchase will cost $975m and a further $130m integration costs over the next 3yrs, totalling (1.1bil). This is not a small chunk for a company with a market cap of around roughly $3.4bil. I'm in no position to give investment advice, please DYOR. It's not in my portfolio and I don't think I will dip in as yet.
I'm not holding this stock but for those who are should be ready...
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Last
$3.57 |
Change
0.055(1.57%) |
Mkt cap ! $2.391B | |||
| Open | High | Low | Value | Volume |
| $3.56 | $3.59 | $3.53 | $1.095M | 307.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 11536 | $3.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.57 | 15623 | 35 |
View Market Depth
| Last trade - 14.12pm 24/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |