Why are people still thinking share price will get smashed when new shares are issued (this is the third stock I’ve seen this ancient theory being brought up), that boat has sailed.. these are unprecedented market conditions, they were oversold, and now are bouncing back to more normal levels, the whole market is up, the 15% gain today has nothing to do with the SPP.. look at any of the 20+ stocks that had a capital raising in the last month or 2, none of them got close to their SPP issue price after raising.. (or at least the handful that I’ve seen didn’t)
as for instos, they got their allocations a month ago..
Share Purchase Plan Issue, page-9
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Last
$15.70 |
Change
0.150(0.96%) |
Mkt cap ! $1.068B | |||
| Open | High | Low | Value | Volume |
| $15.95 | $16.00 | $15.60 | $3.113M | 197.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 690 | $15.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.78 | 523 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| CCP (ASX) Chart |