DOW 1.03% $5.75 downer edi limited

"institutional shareholders electing to take up approximately...

  1. 8,786 Posts.
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    "institutional shareholders electing to take up approximately 97% of their entitlements."

    ... then they buy the remaining 2.3% at a 50c premium to the entitlement price.... then today they buy over 13m shares at around a 50c premium (ave) to the entitlement price???

    What the heck is going on? I thought 25% dilution meant 25% less for your shares! Apparently not with Downer! Downers market cap has just grown by a massive 25% from a cap raising and the sp is up!

    Either the market has changed its mind about Downer or someone is loading up big time! Cant rule out a takeover in play?
 
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Last
$5.75
Change
-0.060(1.03%)
Mkt cap ! $3.626B
Open High Low Value Volume
$5.81 $5.82 $5.75 $4.730M 820.8K

Buyers (Bids)

No. Vol. Price($)
4 14315 $5.75
 

Sellers (Offers)

Price($) Vol. No.
$5.77 2637 2
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
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