IPL 0.66% $3.06 incitec pivot limited

interesting, page-20

  1. 10,295 Posts.
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    Zacc,

    Show me your calculation because:

    - You're only accounting for increased number of shares

    - Timing of dividend payments don't affect NPV

    - If fair value was $4.14 before rights issue, having raised cash at $2.50 for each additional share CANNOT IN ITSELF REDUCE FAIR VALUE BELOW $2.50
 
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