You were perfectly correct in your last assumption.
A rights issue would mean that, all though there would be an increase in the number of shares issued, a dilution would not occur to the percentage of SMN ownership but a minor dilution in the share price would occur. In lieu of 97c the theoretical value would be a little over 94.5c but the overall value of the individual's holding would be increased by the amount they paid for the exercise of their right, assuming all rights were exercised.
In all probability, all rights would not be exercised & by exercising all one's rights, their percentage holding of SMN would be marginally increased.
You were perfectly correct in your last assumption.A rights...
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Last
35.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.88M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.5¢ | 33.0¢ | $33.73K | 99.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1665 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
33.0¢ |
Change
0.000 ( 5.71 %) |
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| Open | High | Low | Volume | ||
| 34.5¢ | 34.5¢ | 33.0¢ | 14205 | ||
| Last updated 12.13pm 31/05/2024 ? | |||||
| SMN (ASX) Chart |