WBC capital raising was oversubscribed and only a 6.5% discount becuase it does not include the dividend.
To me this is a good sign, that they were able to raise this sort of money in the current environment. AMP recently raised over $400m within a few hours also. Must still be a bit of money sloshing around out there. Better than a government bailout.
The problem with CBA price falling 8.5% today is that if they do announce a capital raising it will more than likely be done at around 6% discount to the lower price rather than 6% discount to the previous price. Still cant figure where all the cash is coming from. Maybe funds selling off today to get in cheaper on the book build in the next few days.
von.
what happenned?, page-25
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Last
$139.25 |
Change
1.120(0.81%) |
Mkt cap ! $233.0B | |||
| Open | High | Low | Value | Volume |
| $137.72 | $139.25 | $137.37 | $268.4M | 1.937M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $139.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $139.25 | 33312 | 8 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| CBA (ASX) Chart |