"underwritten implies that unsold shares are picked up my citi and gc..."
There are only two transactions in the course of sales today, each for 50 million shares at $14.35.
One on the ASX and one on Chi-X.
Does that mean that Citi, or whoever is the entity, had to take the whole lot as the underwriter?
At today's closing price, whoever took the shares are in the money and DAR is the loser.
I am perplexed.
Cheers
DAR selling out, page-15
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Last
$14.22 |
Change
-0.170(1.18%) |
Mkt cap ! $7.501B | |||
| Open | High | Low | Value | Volume |
| $14.50 | $14.51 | $14.22 | $24.96M | 1.747M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 793 | $14.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.23 | 11383 | 2 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
$14.24 |
Change
-0.170 ( 1.42 %) |
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| Open | High | Low | Volume | ||
| $14.48 | $14.51 | $14.23 | 194976 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| WOR (ASX) Chart |