The rights issue at $1.39 is fully underwritten, hence can't see BPT dropping the rights price. They're guaranteed the money regardless of how much lower it goes. There will be a lot of stock looking for the exit gates once the sp moves up a little, and this overhang will keep a lid on the sp for a while, all things equal. Hopefully some good news will come soon from successful BMG production recommencement (do the sums on their 50% share of 25000 bopd) to reignite the sp.
The rights issue at $1.39 is fully underwritten, hence can't see...
Add BPT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.52 |
Change
0.005(0.33%) |
Mkt cap ! $3.467B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.53 | $1.51 | $5.912M | 3.892M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 110244 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 46456 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BPT (ASX) Chart |