A capital raising above the market price is a possibility and not unheard of. I hold XRO which had a cap raise just a few months ago at a premium price of $20, at a time when it was trading at around $15.
I would not be surprised if they have the announcement with Philips lined up for September or early October so they can then cut a better deal as they get to the November deadline to finalise the acquisition.
A capital raising above the market price is a possibility and...
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Last
2.0¢ |
Change
0.001(5.26%) |
Mkt cap ! $49.37M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.0¢ | 1.9¢ | $15.05K | 758.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2299968 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 209963 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| ADO (ASX) Chart |