Well Lenny I got this one wrong..............I'm a shareholder, sent my cheque for $50000 and my allocation is ZIP.............yep zero.
The existing note-holders got a priority (as they should) - but the owners of the business got none................my guess is that the underwriter's clients (NAB as I recall) got the stock that the shareholders didn't.
So much for governance - I'll be voting against the Remuneration Report and any directors up for re-election at the AGM as a protest against such poor form.............if enough pressure is applied over time these guys will get it eventually and exhibit a clear shareholder bias in their decision-making instead of gifting an investment house with a benefit that could have, should have, but didn't find its way to to shareholders.
As it turns out at $100 and a few cents which is where they're trading at, they're a good buy, in my opinion.
Well Lenny I got this one wrong..............I'm a shareholder,...
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Last
$1.50 |
Change
0.035(2.39%) |
Mkt cap ! $601.7M | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.50 | $1.44 | $270.6K | 183.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1485 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 191 | 1 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| PPC (ASX) Chart |
