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
0.110(1.56%) |
Mkt cap ! $10.64B | |||
| Open | High | Low | Value | Volume |
| $7.08 | $7.17 | $7.07 | $65.72M | 9.221M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 244409 | $7.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 13883 | 3 |
View Market Depth
| Last trade - 16.10pm 22/11/2019 (20 minute delay) ? |
 (live)
|
|||||
|
Last
$7.16 |
Change
0.110 ( 1.90 %) |
||||
| Open | High | Low | Volume | ||
| $7.07 | $7.17 | $7.07 | 1450121 | ||
| Last updated 15.59pm 22/11/2019 (live) ? | |||||
| QAN (ASX) Chart |