rights issue is 2 for 25 shares held ... an extra 194 million shares...
from this we have 2,425 million current shares plus 194 million shares = 2,619 million shares
currently 2,245 @ $35 a share = $84,875 million
rights issue 194 @ $28.50 share = $5,529 million
= $( 84,875 + 5529 ) divided by ( 2,245 + 194 ) shares = average price of $34.52
brokers may see it as 2/25 rights being 8% or 8% reduction in share price = $35 x92/100 = $32.20
so if it does fall to $32.20 there is an arbitrage of $2.32...
just my opinion
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Last
$36.50 |
Change
-1.550(4.07%) |
Mkt cap ! $112.7B |
Open | High | Low | Value | Volume |
$37.10 | $37.14 | $36.43 | $313.6M | 8.554M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 30856 | $36.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$36.53 | 8176 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 299 | 36.500 |
1 | 42 | 36.470 |
1 | 27 | 36.460 |
2 | 1800 | 36.450 |
1 | 77 | 36.440 |
Price($) | Vol. | No. |
---|---|---|
36.730 | 271 | 1 |
36.780 | 300 | 1 |
36.800 | 5000 | 1 |
36.940 | 1500 | 1 |
36.990 | 750 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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