Further to the post above, the company has just announced that the institutional portion of the rights issue was 96% subscribed, which is a great outcome for those shareholders.....
...but to have the $89m Institutional placement done at the same 15.4% discount as the rights issue just shows that the bankers were not trying to get a better price and were happy to give very cheap stock to their insto clients...
Questions need to be asked..., page-2
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Last
$6.30 |
Change
0.070(1.12%) |
Mkt cap ! $6.969B | |||
| Open | High | Low | Value | Volume |
| $6.24 | $6.38 | $6.19 | $19.30M | 3.070M |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 49165 | $6.29 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.35 | 8237 | 1 |
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