I have been thinking about the placement. I think this is a sizable CR up to the company's 15% limit. How the market reacts to this will depend on the commentary that comes with the announcement.
Then I got to thinking, if I were Delta et al, and was considering an agreement with SMN that the whole industry was likely to follow suit, I would be wary of a third party predator (competitor to Delta for example) raiding the company with an opportunistic T/O bid that potentially could exclude me (Delta) from using the technology. If one airline got control of this technology imagine the competitive advantage that would give them.
Just a thought.
Cornerstone Investor.....
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Last
56.0¢ |
Change
-0.005(0.88%) |
Mkt cap ! $76.92M | |||
| Open | High | Low | Value | Volume |
| 56.5¢ | 57.5¢ | 55.0¢ | $16.62K | 29.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 55.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.5¢ | 4916 | 1 |
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| Last trade - 15.48pm 24/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |