Even if the sp could squeak back above $5.95 by April 11, and it doesn't look like it, I can't see many retail holders taking up the offer. That would suggest the underwriters having to find a home on the market for the best part of 40M or so shares. More downward pressure in the short-term at least.
About the only winners have been any Spotless holders who bought in recently and sold into the feeding frenzy DOW created. Spotless itself has hardly been a poster-child for enhancing shareholder value.
An alternate view, page-14
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Last
$5.76 |
Change
0.050(0.88%) |
Mkt cap ! $3.626B | |||
| Open | High | Low | Value | Volume |
| $5.75 | $5.81 | $5.69 | $4.241M | 737.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11134 | $5.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.76 | 9983 | 4 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| DOW (ASX) Chart |
