Well, just like the question applies to their private clients (as it applies to any and all other investors), why - when Kentgrove could have bought MSB stock at any time, and at materially lower prices than the current price, to boot - would they suddenly be willing to do so now in a placement situation with zero marginal financial inducement?
Especially when the norm is for such placements to be done at sufficient discounts to market.
No self-respecting portfolio manager would dream of doing such a thing. Their brief is to create value for their unit holders, not to make life easier for listed companies that happen to be looking for capital.
Morningstar $2.10 valuation, page-54
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Last
$1.13 |
Change
0.035(3.21%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.13 | $1.07 | $3.910M | 3.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27197 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 43578 | 3 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MSB (ASX) Chart |