You need to consider the shares were trading at an average of say $4.00 prior to EZL announcing their annual result and dividend, after which they shot higher. Bearing in mind the new issue is not entitled to the 30c div, that gives them a comparative value of $3.70 relative to the $3.30 issue price. This is probably reasonable i.e. any issue will always be priced lower than the market price to encourage people to take up issue.
I hold. EZL are really well positioned in the strong WA sector.
Spec
You need to consider the shares were trading at an average of...
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 (20min delay)
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Last
$1.00 |
Change
0.005(0.50%) |
Mkt cap ! $164.8M | |||
| Open | High | Low | Value | Volume |
| 99.5¢ | $1.06 | 99.0¢ | $448.0K | 446.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15458 | 99.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 2946 | 1 |
View Market Depth
| Last trade - 15.58pm 27/06/2025 (20 minute delay) ? |
| EZL (ASX) Chart |