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dilson55

1,225 Posts.

45

20/09/19

08:38

Post #: 40489495
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Originally posted by mitchy: ↑

it seems like an obvious question I know, "why would they buy at 40c when the market price is 38c, why not just buy on market?" I'm dubious, usually underwriting is the way to go, the broker takes about a 4% fee usually so the other angle you could look at is the broker didnt want to take the risk on the underwriting because they felt they wouldnt be able to sell the shortfall stock above the raise price. Why would lvt bother not guaranteeing the $50m was filled by underwriting for the sake of $2m? Maybe this raise has been in the works for a few months and lvt have had difficulty finding the funds at a higher price? interesting it has 3 different money managers on the books for the raise, costs of raise must be high, just like all lvt costs.

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You don't actually believe this do you?

LVT Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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