Falling s/p to 0.55c and a bit lower today does not augur well for the take up of the non-renouceable rights issue with the cut off date for the issue being very imminent (Tuesday 22 November 2011).
Can't really understand management's thinking on this one - can they really pull a rabbit out of the hat between now and next Tues. to give the s/p a boost and encourage the take up of the rights issue? I doubt it.
If current holders want additional ARU shares it is cheaper to buy them on market rather than via the rights issue.
A pretty disappointing exercise - and the s/p is looking increasingly soft. 70c by Xmas ??? I doubt it.
not good is it?
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Last
20.0¢ |
Change
0.020(11.1%) |
Mkt cap ! $462.0M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 20.0¢ | 18.5¢ | $2.127M | 10.94M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 99435 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 2521096 | 68 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| ARU (ASX) Chart |