Really you have to read further into this! This does not set the price for a fall to $2.50 and if it even got anywhere near that I will buy so many more near that price that my whole bluechip investment strategy would be well weighted towards this stock.
I already have my bids in in-case that there are those who don't understand the strength of the company and wish to be the weaker hands. 5 for 13 does not at all mean that they should be $2.50, though the markets today can surprise for a very very short time and recover before you ever get the chance.
I am only new to IPL but have been following for quite some time. To me if I ever wanted a stock that could weather the financial storm this would be it.
entitlement offer 5 for every 13 at $2.50, page-18
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Last
$2.92 |
Change
-0.030(1.02%) |
Mkt cap ! $5.615B | |||
| Open | High | Low | Value | Volume |
| $2.96 | $2.96 | $2.92 | $6.431M | 2.192M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8879 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.93 | 5573 | 1 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| IPL (ASX) Chart |