Not being a follower of IBG to date I am a little puzzled why a placement of 35c a share has resulted in a market price of 22c.
Am I correct in assuming this discount to the placement price offered by NYRSTAR is due to the requirement to seek "Regulatory Approvals", and the concern is that the FIRB are limiting foreign investment to 19.9% and NYRSTAR already own 19.9%?
If this is the case then the discount tends to indicate that the market doesn't believe this Regulatory Approval can be achieved.
Or am I completely missing the point?
why the discounted price
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Mkt cap ! $5.500M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
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