The results of RTR's (PH's new FT gig) recent heavily-discounted ~$3m SPP raising were announced this morning. 35% overall acceptances, including Shortfall Acceptances and also the small underwritten portion. That 35% was basically comprised of ~18% die-hards who applied to roughly double their take-up (via Shortfall applications). The vast majority -- 65% of existing SHs (remembering this was a SPP) -- simply abstained/boycotted.
PH was putting a on brave face by suggesting strong interest from a number of broking firms to assist with placing the shortfall. Right.
To be fair to RTR, at a current 3.8-3.9c SP it does have a little more wiggle-room to further discount in order to raise more. POS? Not so much.
This has material implications for POS's impending discounted sub-1c raising attempt in the new FY.
PS. Not a holder of either, nor interesting in becoming so. Simply reporting interesting observations of two minnows who share one common feature.
- Forums
- ASX - By Stock
- Climb Monkey Climb
The results of RTR's (PH's new FT gig) recent heavily-discounted...
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add POS (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
-0.001(11.1%) |
Mkt cap ! $14.85M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $17.21K | 4.300M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
87 | 61977197 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 14733733 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
87 | 61977197 | 0.004 |
37 | 32605592 | 0.003 |
20 | 34300475 | 0.002 |
18 | 25100201 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 14733733 | 25 |
0.006 | 28698665 | 19 |
0.007 | 37594598 | 40 |
0.008 | 6034751 | 14 |
0.009 | 4338007 | 13 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
Featured News
POS (ASX) Chart |