The questionable logic of QAN in pitching the new issue price at $4.20 is currently costing the small investor heaps.
Assuming the small investor holds 8,200 QAN he will be offered another 1,000 at $4.20. Based on the previous QAN close, if one takes up the offer then the average price for the 9,200 will be $4.64.
That compares to the current price of $4.44.
Ah well, at least the insto's will be able to book a healthy trading profit by arbitraging their allocations.
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Small investor being crucified.
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Last
$6.24 |
Change
-0.060(0.95%) |
Mkt cap ! $10.16B |
Open | High | Low | Value | Volume |
$6.29 | $6.33 | $6.24 | $53.86M | 8.606M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 9462 | $6.23 |
Sellers (Offers)
Price($) | Vol. | No. |
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$6.24 | 12374 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 4411 | 6.230 |
6 | 63351 | 6.220 |
4 | 90781 | 6.210 |
5 | 63248 | 6.200 |
2 | 32056 | 6.190 |
Price($) | Vol. | No. |
---|---|---|
6.240 | 997 | 1 |
6.250 | 468700 | 21 |
6.260 | 9153 | 6 |
6.270 | 38771 | 7 |
6.280 | 48874 | 8 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$6.25 |
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Change
-0.060 ( 0.53 %) |
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Open | High | Low | Volume | ||
$6.27 | $6.33 | $6.24 | 1487933 | ||
Last updated 15.59pm 10/05/2024 ? |
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