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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Last
93.0¢ |
Change
0.025(2.76%) |
Mkt cap ! $153.2M | |||
| Open | High | Low | Value | Volume |
| 90.0¢ | 93.0¢ | 90.0¢ | $53.86K | 58.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 186 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.5¢ | 4059 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| EZL (ASX) Chart |