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
49.0¢ |
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Mkt cap ! $1.405B |
Open | High | Low | Value | Volume |
48.5¢ | 49.5¢ | 48.0¢ | $2.950M | 6.034M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 156127 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 678187 | 45 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 82669 | 0.490 |
42 | 1345445 | 0.485 |
42 | 1003011 | 0.480 |
17 | 641332 | 0.475 |
23 | 676637 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.495 | 594162 | 37 |
0.500 | 792232 | 45 |
0.505 | 415592 | 18 |
0.510 | 461180 | 20 |
0.515 | 1094592 | 12 |
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