I think this was very badly done and feel for buyers at 5.1 cent the day before the announcement.
Placement is for 40m shares only (approx 10% of issued shares) and being offered to clients of one broker and therefore will be difficult for shareholders and outsiders to acquire at 4 cents. This is the reason they are trading at 4.3 and not the 4 cents placement price.
If it were done as a rights issue to existing shareholders on a 1:10 basis with shareholders given the opportunity to take up shortfall they would probably be trading well over 5 cents as the price would have been driven up with investors chasing rights.
Von.
I think this was very badly done and feel for buyers at 5.1 cent...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FML (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $38.68M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 13.0¢ | $2.952K | 22.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 81 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 52678 | 3 |
View Market Depth
| Last trade - 15.58pm 16/08/2024 (20 minute delay) ? |
| FML (ASX) Chart |