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
45.0¢ |
Change
-0.005(1.10%) |
Mkt cap ! $465.7M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 47.5¢ | 45.0¢ | $2.043M | 4.431M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 529636 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 107453 | 15 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
45.5¢ |
Change
-0.005 ( 0.91 %) |
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| Open | High | Low | Volume | ||
| 46.5¢ | 47.0¢ | 45.0¢ | 1694813 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| SYR (ASX) Chart |