black
this in not like normal cap raisings
as everybody knows issuing more shares at a discount dilutes the original share holders stake in the company
USUALLY what happens in this situation is that the company only offers the new shares to the original stakeholders
but what RIO did is a bit different
they put forward the record date so that everybody can get in
this means that the original stake holders are restricted in their ability to protect the value of their stakes in the company
all that has happened then is that the shares are now worth $59
yesterday they were worth $72 TODAY THEY ARE WORTH $59
21 for 40 @ $28.29 OR $73 + $73 + $28.29 = $59
RIO holders have just lost $14 per share
thanx a lot RIO, you filthy rats
the more i read, the more i worry, page-23
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Last
$113.75 |
Change
-0.170(0.15%) |
Mkt cap ! $42.22B | |||
| Open | High | Low | Value | Volume |
| $113.51 | $114.33 | $113.34 | $130.1M | 1.137M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1417 | $113.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $113.98 | 105 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |