HZN 2.50% 19.5¢ horizon oil limited

one of the best ann i've seen for a while, page-12

  1. 8,910 Posts.
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    "The HZN lack of performance is probably still overhang from rights issue."

    So what's the suggestion here ?
    Are we assuming the underwriter of te retail offer got a 5% fee, so can offload at 31.5c for breakeven. ie 33c - (33c x 5%) = 31.35c.

 
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