"Dilution of earnings through share issues only comes where the use of funds are wasted"
I'd guess the market figures the proposed share issue is a massive waste of $$$ - unlikely to see any significant benefit out of the share issue in the short term. Those with short-term positions are jumping off, longterm I don't see any change - Ian May has made this clear as mud with respect to where TEE is headed.
what.s down with tee, page-4
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.138M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.5¢ | $2.883K | 27.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 143115 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 30000 | 1 |
View Market Depth
| Last trade - 15.58pm 12/07/2024 (20 minute delay) ? |
| TEE (ASX) Chart |