Ann: Q2 Trading Update, page-239

Neither of the above anlaogies are probable. Ive been though a few rights issues so I will try and explain probable vs improbable outcomes.

It wont be an excellerated rights issue, or a non renounceable rights issue for a few reasons. Mainly because its a kick down and the debt levels dont need to force funds with a gun to their head to be in or far cough.

Most likely would be a renouncable rights, that (assuming Im right ) means that the rights would freely trade as an option for a few weeks before they expire.

Its also possible that the shares could firstly trade with the entitlement attached , meaning they could trade for 2 weeks before the rights issue is split off into an option and then another 2 weeks with the 30c option and the stock both trading separately.

If Broker Houses were advising Myer then they would be putting this option up front because the Brokers will feed off this option 10 x more than any other option.

If that happens as stated above, then Myer shares could run up once the 30c option rights are attached to the shares, So you could be buying 1 myer share for 90c just so you can be entitled to a 30c exercisable option.

As soon as the Options split off, the 30c options could be trading at 50c each, ( assuming the SP drops next day from 90c to 80c)

And then the SP would slip and fall and so would the value of the 30c options.

Its a sheet fight, the brokers that know how to play it will cream it all over.

Especially as most holders wont know if the terms of it all are as I explained or some other variation.

Either way we have a Myer company looking at zero debts and trading Ok in its business as it transforms.

It also means that anyone wanting to boost holdings may be chewing a hole in the 30c options to gain those rights,

I have no idea if any of the posters here are in the know, or work for funds or brokers, or mabe they are bored fekkres and just like spinning sheit.

But all things are possible, but Id say a similar thing to what Santos did, when I sold off the rights options and then used that money to buy a few more Santos shares.

Look at Santos now, so dont be too worried long term. by comparison Santos had a debt problem, Myer dosnt, so all of the above is on the unlikely side of possible.

Just because a CEO got advice from a Broker, dosnt mean he will fall for it.