Offer is a great deal for the underwriter. They get a big fee. and then, if the shareholders actually buy their entitlements, then the underwriter gets a huge placement to "compensate" them for missing out on a bargain.
That looks like a scam.
gpt announces entitlement offer , page-3
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Last
$4.57 |
Change
0.040(0.88%) |
Mkt cap ! $8.802B | |||
| Open | High | Low | Value | Volume |
| $4.53 | $4.64 | $4.52 | $14.64M | 3.190M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 74146 | $4.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.58 | 128410 | 47 |
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| Last trade - 15.46pm 11/11/2024 (20 minute delay) ? |
| GPT (ASX) Chart |