I did although very modestly. Being fully loaded on NEU at a lower average price I didn't want greatly add to my holding. Plus I could have purchased on market for a few pips less.
However my thinking was that
a) I'd rather buy via the SPP at $2.05 and provide funds to the company than buy at $2.03 and fund another punter.
b) For investment "optics" the SPP needs to be a success. The thought of an announcement saying in effect that existing shareholders didn't have enough confidence in the stock to come up with $2m between them give me the shivers.
I'd love to know whether others participated or not and their thought process either way.
Did you participate in the SPP
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Last
$20.25 |
Change
0.430(2.17%) |
Mkt cap ! $2.585B | |||
| Open | High | Low | Value | Volume |
| $19.89 | $20.39 | $19.77 | $5.715M | 283.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 355 | $20.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.29 | 302 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$20.22 |
Change
0.430 ( 2.40 %) |
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| Open | High | Low | Volume | ||
| $19.86 | $20.40 | $19.77 | 85257 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| NEU (ASX) Chart |