update: I got a call back from Mark Wilson. It seems giving retail holders an opportunity to not be diluted by over subscribing to the rights issue was discussed. Look, Mark seems like a nice bloke, but he still couldn’t tell me why they decided to short change retail holders. My interpretation is that the underwriters advised them not to. Ironic because those same underwriters made almost $20 million on the retail shortfall.
Class Action Part 2, page-5
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Last
51.0¢ |
Change
0.015(3.03%) |
Mkt cap ! $1.463B | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 52.5¢ | 49.8¢ | $8.432M | 16.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 68078 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 141000 | 3 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| SGR (ASX) Chart |