JB Were has entered into a verbal agreement to arrange the sale of the 34 million shares at between 80c and 90c inclusive. I guess this means a placement to institutional investors or a bookbuild. The good thing in that the minimum price is 80c. Could be happy days for those who bought today if JB Were reckon that they can get 10% of the company away at those prices.
Hope my take on this is correct.
(REALLY HOPE my take on this is correct).
the plot thickens, page-3
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Last
$1.60 |
Change
-0.020(1.23%) |
Mkt cap ! $433.2M | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.63 | $1.59 | $151.3K | 94.11K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 617 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 57679 | 2 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| AFG (ASX) Chart |