I'm not holding this stock but for those who are should be ready for a possible 8% drawdown from market open on Wednesday because the placement being conducted today is fully underwritten and won't be done below $10.35. So this is likely to see the SP take a hit particularly as the purchase will cost $975m and a further $130m integration costs over the next 3yrs, totalling (1.1bil). This is not a small chunk for a company with a market cap of around roughly $3.4bil. I'm in no position to give investment advice, please DYOR. It's not in my portfolio and I don't think I will dip in as yet.
Chart Req, page-6
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Last
$3.12 |
Change
-0.015(0.48%) |
Mkt cap ! $1.703B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.14 | $3.06 | $1.978M | 635.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 44012 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 8936 | 13 |
View Market Depth
| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| IFL (ASX) Chart |
