the major 'risk' factor to me is why didnt the directors and associated companies not support the rights issue.
Why didnt they buy in at such a 'cheaply' discounted rate.
(remember if you are a major shareholder, it doesnt really matter if there is a significant discounted rights issue, if you subsribe then your % remains constant, just look at the tv 10 rights issue, packer is all over this).
I just held a tenniebopper holding before the rights issue, not even worth my time filling out the application form relative to my total share holdings. But did buy on market at a price near the rights issue price.
Want to be bullish, it looks good on paper. But again WHY DIDNT THE DIRECTORS PARTICIPATE.
Reminiscences of a Stock Operator is preventing me from going to hard core on this stock. Ive got some, my average buy in price is within 10% of the rights issue price.
I will just sit on the side lines now.
the major 'risk' factor to me is why didnt the directors and...
Add ASB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.16 |
Change
-0.050(1.56%) |
Mkt cap ! $1.072B | |||
| Open | High | Low | Value | Volume |
| $3.24 | $3.24 | $3.14 | $2.334M | 733.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6465 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 11605 | 4 |
View Market Depth
| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| ASB (ASX) Chart |
