A lot of Domacom Shareholders voted with their feet yesterday by exiting their holdings after the 6.5 cent private placement of 9 Million new shares which is a significant % of the 103 Million currently quoted on the ASX .
Of the 42 share sales yesterday about 39 sales were from small "mum and dad size “ investors who were only selling between few hundred to one or two thousand shares to possibly quit their holdings.
No doubt there was across the board disappointment at the issue price of 6.5cents ( a 20+ % discount to the Market Value of the shares 4/9/18). It's a shame that this offer hadn't been made to all shareholders so that they could at least average down their loses. Seems that the benefit of the new share issue was only for the lucky chosen few.
Good luck to anyone who picked up these shares up at the float in 2017 at 70 to 75cents per share.
September 4 was clearly not a great day, the days course of sales are detailed below:
Column 1 Column 2 Column 3 Column 4 Column 5 0
All Trades1 42 results found
<11>2 Time Price ($) Volume Value ($) Condition3 3:53:00 PM 0.070 50 3.500 4 3:53:00 PM 0.070 22 1.540 5 3:52:57 PM 0.070 50 3.500 6 3:52:07 PM 0.070 132 9.240 7 3:51:47 PM 0.070 66 4.620 8 3:51:17 PM 0.070 100 7.000 9 3:49:47 PM 0.070 265 18.550 10 3:48:47 PM 0.070 182 12.740 11 3:46:47 PM 0.070 380 26.600 12 3:43:47 PM 0.070 543 38.010 13 3:39:37 PM 0.070 772 54.040 14 3:33:37 PM 0.070 1,105 77.350 15 3:26:27 PM 0.070 692 48.440 16 3:22:07 PM 0.070 695 48.650 17 3:17:07 PM 0.070 811 56.770 18 3:11:07 PM 0.070 947 66.290 19 3:04:07 PM 0.070 1,125 78.750 20 2:56:17 PM 0.070 831 58.170 21 2:50:17 PM 0.070 912 63.840 22 2:45:47 PM 0.071 50,000 3,550.000 23 2:45:47 PM 0.071 12,000 852.000 XT 24 2:44:07 PM 0.072 216 15.552 25 2:44:04 PM 0.072 30,000 2,160.000 XT 26 2:42:17 PM 0.072 1,014 73.008 27 2:34:46 PM 0.072 1,130 81.360 28 2:26:06 PM 0.072 991 71.352 29 2:18:56 PM 0.072 1,051 75.672 30 2:11:06 PM 0.072 1,145 82.440 31 2:02:56 PM 0.072 962 69.264 32 1:56:06 PM 0.072 979 70.488 33 1:48:56 PM 0.072 1,040 74.880 34 1:41:06 PM 0.072 1,104 79.488 35 1:32:56 PM 0.072 989 71.208 36 1:25:46 PM 0.072 1,003 72.216 37 1:18:16 PM 0.072 1,066 76.752 38 1:10:16 PM 0.072 1,125 81.000 39 1:01:56 PM 0.072 1,009 72.648 40 12:54:25 PM 0.072 1,049 75.528 41 12:46:35 PM 0.072 1,083 77.976 42 12:37:15 PM 0.072 1,032 74.304 43 12:26:05 PM 0.072 1,067 76.824 44 12:11:35 PM 0.072 945 68.040
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A lot of Domacom Shareholders voted with their feet yesterday by...
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