If we assume you are right and there is a 1 for 3 rights issue at say $30, why is this a poor result for shareholders? All existing holders will get an opportunity to participate so the discount is shared equally - no shareholder is worse off unless the rights issue is non-renounceable and the shareholder does not have the cash to take up their rights. That is the only way they lose out. The theoretical post rights price would be $35.25 so why do you think the shares would trade to $30 ??
Please do some analysis before posting comments.
wes explanation for trading halt, page-13
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$70.92 |
Change
0.720(1.03%) |
Mkt cap ! $80.43B | |||
| Open | High | Low | Value | Volume |
| $70.63 | $71.17 | $70.49 | $68.58M | 967.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2935 | $70.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $70.94 | 3898 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| WES (ASX) Chart |