The questionable logic of QAN in pitching the new issue price at $4.20 is currently costing the small investor heaps.
Assuming the small investor holds 8,200 QAN he will be offered another 1,000 at $4.20. Based on the previous QAN close, if one takes up the offer then the average price for the 9,200 will be $4.64.
That compares to the current price of $4.44.
Ah well, at least the insto's will be able to book a healthy trading profit by arbitraging their allocations.
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Small investor being crucified.
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Last
$5.56 |
Change
0.100(1.83%) |
Mkt cap ! $10.48B |
Open | High | Low | Value | Volume |
$5.41 | $5.58 | $5.41 | $20.41M | 3.708M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 42679 | $5.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.56 | 9998 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50 | 5.520 |
2 | 5534 | 5.500 |
2 | 4680 | 5.480 |
2 | 750 | 5.470 |
1 | 640 | 5.460 |
Price($) | Vol. | No. |
---|---|---|
5.570 | 3120 | 2 |
5.580 | 15857 | 6 |
5.590 | 45375 | 4 |
5.600 | 65642 | 34 |
5.610 | 26479 | 4 |
Last trade - 16.10pm 20/05/2022 (20 minute delay) ? |
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Last
$5.57 |
  |
Change
0.100 ( 2.01 %) |
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Open | High | Low | Volume | ||
$5.43 | $5.58 | $5.43 | 846507 | ||
Last updated 15.59pm 20/05/2022 (live) ? |
QAN (ASX) Chart |