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.
Small investor being crucified.
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 (20min delay)
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Last
$4.66 |
Change
-0.050(1.06%) |
Mkt cap ! $8.788B | |||
| Open | High | Low | Value | Volume |
| $4.70 | $4.74 | $4.61 | $36.89M | 7.906M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 50781 | $4.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.67 | 112 | 1 |
View Market Depth
| Last trade - 16.10pm 11/05/2021 (20 minute delay) ? |
 (live)
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Last
$4.67 |
Change
-0.050 ( 0.89 %) |
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| Open | High | Low | Volume | ||
| $4.70 | $4.74 | $4.61 | 8923984 | ||
| Last updated 15.59pm 11/05/2021 (live) ? | |||||
| QAN (ASX) Chart |