A doubling of the issue is very unlikely I think. In the SPP booklet I see no provision for exceeding the $5.5M cap. Aren't there rules and limits on the size of capital raisings relative the market cap or shares on issue?
Applicants paying the full $30,000 are putting a lot of cash at risk of a surprise second covid financial plummet prior to allotment May18. They likely also receive a number of PPE shares not much more than a $3,000 applicant.
No. of holders is at:
https://www.marketindex.com.au/asx/ppe
shows there are 1949 share holders:Shareholder Distribution
Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over Total Shareholders No. of
Shareholders387 742 384 382 54 1,949
A doubling of the issue is very unlikely I think. In the SPP...
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Last
81.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $84.61M | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 82.5¢ | 80.5¢ | $391.4K | 482.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.5¢ | 947 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PPE (ASX) Chart |