As you are all aware retail holders were diluted in the cap raising. Even if we took up our entire rights issue, we were diluted due to the additional $115m insto offer. Given the capital raise was at a large discount to the SP and NTA I find this very disappointing. I am currently investigating a potential class action against SGR for their blatantly unfair treatment of retail holders in their recent capital raising.
Maurice Blackburn has advised that we may be able to piggyback a new claim in the existing class action or we could start a new class action with the details of at least 7 shareholders who were holders at the time of the equity raising.Who would be interested in the class action?
PS I have tried calling Star Group on 5 different numbers, around 10 times in total at various times over the last 2 days. The one time I did get through was to a receptionist who put me onto Link Market Services, instead of someone in management! I can only deduce from this that Star Group management don't care about or want to hear from retail holders. As a result a class action is the only way to progress from here.
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Last
48.3¢ |
Change
-0.008(1.53%) |
Mkt cap ! $1.384B |
Open | High | Low | Value | Volume |
48.5¢ | 48.8¢ | 48.0¢ | $2.036M | 4.162M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
64 | 1197659 | 48.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
48.5¢ | 168401 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
64 | 1197659 | 0.480 |
28 | 790516 | 0.475 |
26 | 847539 | 0.470 |
19 | 838530 | 0.465 |
18 | 293200 | 0.460 |
Price($) | Vol. | No. |
---|---|---|
0.485 | 168401 | 23 |
0.490 | 342526 | 22 |
0.495 | 516441 | 14 |
0.500 | 757477 | 34 |
0.505 | 341628 | 13 |
Last trade - 11.38am 20/06/2024 (20 minute delay) ? |
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