Fully underwritten. However I think these prices will be short lived. The underwriters would probably try and get the stock well over a $1 so that there not left carrying the bag.
With a distribution yield in excess of 20% with considerable upside this will prove to be a very opportune time to purchase.
Also, GPT which is a basketcase compared to GMG is trading at over 30% above its rights issue price. I think you will see GMG in a similar situation.
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Fully underwritten. However I think these prices will be short...
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Last
$34.15 |
Change
-1.100(3.12%) |
Mkt cap ! $64.85B |
Open | High | Low | Value | Volume |
$34.61 | $34.83 | $33.96 | $157.5M | 4.592M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3286 | $34.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.19 | 466 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3286 | 34.130 |
2 | 665 | 34.110 |
4 | 8831 | 34.100 |
1 | 8098 | 34.060 |
1 | 10 | 34.050 |
Price($) | Vol. | No. |
---|---|---|
34.250 | 359 | 1 |
34.300 | 665 | 2 |
34.320 | 8098 | 1 |
34.360 | 19389 | 1 |
34.370 | 8098 | 1 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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GMG (ASX) Chart |