AUB 0.16% $31.83 aub group limited

I am not entirely sure how this will affect the market price...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 7,936 Posts.
    lightbulb Created with Sketch. 1554
    I am not entirely sure how this will affect the market price when the sale will be off market. Just want to understand the process here.

    @zaidi675,

    Apologies for reverting only now, but I have been travelling in recent days.

    If you read back on the AUB threads you will find a post wherein I posit that the main damage to the share price from the mechanics of this capital raising would have occurred in the period before the settlement of the entitlement offer, i.e., that's when some smart investors would have been positioning themselves to take the stock off the underwriter for as cheaply as possible.

    As it happens, here's where the retail entitlement stock ended up:

    AUB Underwriter.JPG
 
watchlist Created with Sketch. Add AUB (ASX) to my watchlist
(20min delay)
Last
$31.83
Change
-0.050(0.16%)
Mkt cap ! $3.629B
Open High Low Value Volume
$32.06 $32.06 $31.69 $1.509M 47.44K

Buyers (Bids)

No. Vol. Price($)
11 93 $31.82
 

Sellers (Offers)

Price($) Vol. No.
$31.83 93 10
View Market Depth
Last trade - 14.19pm 15/11/2024 (20 minute delay) ?
AUB (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.