Plenty of shares around at 50 cents. Just give your broker a call.
Printable View
Did they give you a descent sized allocation of ATM?
I don't get it.
ATM is already listed and at anytime of any trading day, any investor is free to buy or sell ATM shares.
Why should it be any difference because a few big shareholders are selling down? Especially as the reason for selling down seems reasonable - i.e.. to facilitate relist onto NZX main board?
What size was the XRO placement in relation to the capital already on issue? How does that compare with the ATM placement? I know such placements do happen but generally the dilution should not be that bad. I remember when PGW did their initial placement of new shares to Agria, it was at a premium to market price. Mind you PGW does make real money (as does ATM), and XRO does not.
SNOOPY