The share price has not been above the new issue price once since FID was announced - who is going to subscribe for new shares?
I would suggest less than 10-15% of retails holders will take up their rights. Company does not need to worry though - money will still be raised. Not a good result though for retail holders.
Worst Capital Raising for SYR
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 (20min delay)
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Last
51.5¢ |
Change
-0.010(1.90%) |
Mkt cap ! $441.3M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 53.5¢ | 51.5¢ | $1.648M | 3.142M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 130445 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 42538 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
52.0¢ |
Change
-0.010 ( 2.09 %) |
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| Open | High | Low | Volume | ||
| 53.5¢ | 53.5¢ | 51.8¢ | 877504 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| SYR (ASX) Chart |