There was an extra 155% shares issued, per my post yesterday in the other thread.
There were 135m existing, plus 150m issued via the institutional placement (including oversubscription from Bain), plus the 50-70m issued to existing retail holders. Multiply the current share price by around 2.5 to 2.6x and you have your pre-COVID 'like-for-like' comparison in terms of the share price (e.g. today, circa $8.10-8.40)
The extent of dilution has been grossly misunderstood by many, and I say that as someone who has held this stock since 2013 (selling bits here and there, as I did yesterday).
There was an extra 155% shares issued, per my post yesterday in...
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Last
$8.20 |
Change
0.020(0.24%) |
Mkt cap ! $3.187B | |||
| Open | High | Low | Value | Volume |
| $8.24 | $8.30 | $8.15 | $6.985M | 851.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2877 | $8.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.20 | 19140 | 1 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$8.23 |
Change
0.020 ( 0.30 %) |
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| Open | High | Low | Volume | ||
| $8.21 | $8.29 | $8.15 | 615261 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| WEB (ASX) Chart |