The questionable logic of QAN in pitching the new issue price at $4.20 is currently costing the small investor heaps.
Assuming the small investor holds 8,200 QAN he will be offered another 1,000 at $4.20. Based on the previous QAN close, if one takes up the offer then the average price for the 9,200 will be $4.64.
That compares to the current price of $4.44.
Ah well, at least the insto's will be able to book a healthy trading profit by arbitraging their allocations.
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Last
$5.97 |
Change
0.045(0.76%) |
Mkt cap ! $9.695B |
Open | High | Low | Value | Volume |
$5.95 | $5.98 | $5.92 | $3.476M | 584.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 33871 | $5.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.97 | 105 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
42 | 42936 | 5.960 |
22 | 29672 | 5.950 |
26 | 81417 | 5.940 |
21 | 51820 | 5.930 |
10 | 37776 | 5.920 |
Price($) | Vol. | No. |
---|---|---|
5.970 | 798 | 2 |
5.980 | 45227 | 26 |
5.990 | 75844 | 21 |
6.000 | 84689 | 22 |
6.010 | 41034 | 10 |
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