geko123, yes you are right. As they are issueing more shares, earnings per share is now reduced as there are more shares on offer.
The market can be an unusual beast so it may not be the case that it drops much from the current price. You will have to wait and see
trading halt, page-33
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Last
24.0¢ |
Change
-0.005(2.04%) |
Mkt cap ! $28.86M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 24.5¢ | 22.5¢ | $93.33K | 394.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42000 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 57453 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| TOE (ASX) Chart |