I have taken some understandable hits on my point that the underwriters (presumably Morgan Stanley?) will be "sweating". And I thank my critics. HOWEVER:
Sure they get their fees etc BUT they have a REPUTATION to protect! Why would they want to infuriate existing shareholders--the companies they run the new equity book for do NOT want that. Short term fee maximisation is one thing; getting the equity issue price near-right is another. They have done a poor job at selling the virtues of the new Jaya acquisition. The buy-in price for the Jaya assets looks high. I maintain my original position: the underwriters will not like what they see so far.
I have taken some understandable hits on my point that the...
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Last
$2.68 |
Change
0.000(0.00%) |
Mkt cap ! $1.015B | |||
| Open | High | Low | Value | Volume |
| $2.68 | $2.68 | $2.67 | $24.04M | 8.988M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 496249 | $2.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.68 | 40000 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MRM (ASX) Chart |