ABN Amro had a target of .75 assuming that the company had a successful trial.
then the company had the rights issue
The rights issue gives shareholders a .22 profit
(.75 - .53 = .22)
.22 plus .75 price target = .97
I think the market has got it just about right
below .97 and the company is probably undervalued.
.97 fair value
and thing above .97 expensive
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