SEQ 1.49% 33.0¢ sequoia financial group ltd

Ann: Pause in Trading, page-16

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. 4,503 Posts.
    lightbulb Created with Sketch. 174
    At the time of the Sargon CR I was one of the shareholders who phoned and complained because of the way it was handled. I hate companies that keep diluting existing shareholders using the 15% rule and some even get  a mandate to increase their ability to issue. In my opinion its easy to raise when its going up and we all get diluted. If the company is struggling its existing shareholders who get squeezed to drop funds or the CR is heavily discounted. 

    Under both regimes existing shareholders take the brunt.

    At the time of my phoning they indicated that I was not alone and that quite a few had phoned. I am hoping that they have taken note as I still cannot understand why they took Sargon on-board. Effectively we all lost the opportunity of the shares slowly rising in price as supply would have been taken off the market. The counter argument can be that Sargon would not have bought them on market.

    I don't see that management can actually be involved in the sale or trading of small volume (or any volumes) during a closed period. So the only party that could be doing it would have to know what is going to happen. The only player that that could be doing it would have to be the one that it would benefit. I personally don't see that happening. 

    I doubt that SB is going to take any notice of the small volume share price. However the half year will determine the share-price.

 
watchlist Created with Sketch. Add SEQ (ASX) to my watchlist
(20min delay)
Last
33.0¢
Change
-0.005(1.49%)
Mkt cap ! $48.48M
Open High Low Value Volume
34.0¢ 34.0¢ 33.0¢ $61.48K 183.5K

Buyers (Bids)

No. Vol. Price($)
3 16060 33.0¢
 

Sellers (Offers)

Price($) Vol. No.
34.5¢ 306661 2
View Market Depth
Last trade - 15.37pm 25/11/2024 (20 minute delay) ?
SEQ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.