It will be interesting to see where the price does go.
I have a feeling that regardless of the way the entitlement works, it will go to near $2.50. Given the short deadline for the entitlement, people will feel that why should they pay more on-market than what others can buy for? In a way, 'punishing' IPL for doing it this way.
Given the market drop since IPL went into a TH, around $3.50 is probably a 'best case' ...
Personally I am waiting for an entry into IPL, and if it does get near $2.50, I will be hovering over the buy button (for a LT hold).
entitlement offer 5 for every 13 at $2.50, page-24
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Last
$2.88 |
Change
0.020(0.70%) |
Mkt cap ! $5.593B | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.91 | $2.87 | $11.11M | 3.854M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 172854 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 15695 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IPL (ASX) Chart |