Instituional and "Sophisticated Investors" were able to apply for shares in the cap raise last week. This is referred to as an Instituional placement. As a so called sophisticated investor I was approached by my broker and applied for shares - I was granted two thirds of what I applied for.
The general public, including me can access 1 share for every 9 they hold in their Retail Non Renounceable Entitlement Offer
Basically in most Capital Raises, institutions and Sophisticated Investors get better and earlier access to new shares.
A sophisticated investor are people whose broker has determined them to be of higher net wealth and thus "sophisticated".
Instituional and "Sophisticated Investors" were able to apply...
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Last
20.3¢ |
Change
0.003(1.25%) |
Mkt cap ! $87.82M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.5¢ | 19.5¢ | $100.2K | 502.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49086 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 89600 | 4 |
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| Last trade - 14.44pm 24/06/2025 (20 minute delay) ? |
| FDV (ASX) Chart |