Most longtermers would be in their at 10-20c so the FRER will half their avg to around 5 - 10c.
Custodial will be the big holder here. Post shortfall and combined with their existing holding, their avg will be around 1.1-1.2cps imo.
Will be expecting them to tidy up the sp and bring some deals to table once the rights issue is all settled.
7-10million in rights purchase volume over the last week. VWAP around 1.5cps (post expiry) atm. Will proabably get a few dumpers towards close. VWAP wouldnt change too much one would think.
Lets see if they can tidy up the fundamentals and move forward.
Cheers,
The Sparkler
tradeable rights issue asx code: frer, page-17
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