If current holders don’t participate - they allow the underwriter to do whatever they choose with their allocated shares - potentially on selling them to hedge funds to further short the company from 55c.
Whilst it’s may appear tempting to buy on market at a slightly lower price (that is by design - see above) non participation also dilutes your existing shares.
They are your shares - don’t surrender control of your investment…
So, when you say it makes no financial sense - it is quite the opposite.
DYOR IMO
SPP - Will you be participating, page-8
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Last
24.5¢ |
Change
-0.015(5.77%) |
Mkt cap ! $253.5M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.8¢ | 24.5¢ | $1.526M | 6.093M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 917587 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 310000 | 2 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| SYR (ASX) Chart |