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.
Add QAN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.14 |
Change
-0.020(0.28%) |
Mkt cap ! $10.64B | |||
| Open | High | Low | Value | Volume |
| $7.25 | $7.26 | $7.08 | $52.47M | 7.349M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 117877 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 132185 | 7 |
View Market Depth
| Last trade - 16.10pm 06/12/2019 (20 minute delay) ? |
 (live)
|
|||||
|
Last
$7.11 |
Change
-0.020 ( 0.63 %) |
||||
| Open | High | Low | Volume | ||
| $7.25 | $7.26 | $7.08 | 3592850 | ||
| Last updated 15.59pm 06/12/2019 (live) ? | |||||
| QAN (ASX) Chart |