I must be missing something! This is an "entitlement" @ $0.36c/share (11.4% discount on 5 day VWAP to Oct 28 close).The board may have already drawn a line in the sand and decided the shareholder is entitled to a certain size parcel, based on the number of shares held up until todays 1/12/2020 halt.If an offer is based on the qty of shares held as at the uptake date: there could be a mad scramble to acquire shares - grossly overvaluing PLS - Then after the uptake date, we could see the SP crash back to around $0.55c/ share.
With me? -Does anyone know?
Good News & Bad News, page-8537
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Last
$2.89 |
Change
0.040(1.40%) |
Mkt cap ! $8.703B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.89 | $2.78 | $29.90M | 10.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39193 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 73947 | 7 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |