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
Add WES (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$70.33 |
Change
-0.530(0.75%) |
Mkt cap ! $79.76B | |||
| Open | High | Low | Value | Volume |
| $70.00 | $70.50 | $69.47 | $136.3M | 2.002M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1218 | $70.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $70.34 | 155 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| WES (ASX) Chart |