Agree with most of the comments that have been posted here already today.
Issue is excellent for non-holders looking to take advantage of a cheap entry now.
Theoretically, SP should fall be value of rights on morning of ex-entitlement. But in practice, its likely to list at a premium to this theoretical value.
Mngmt could have priced it at a 15-for-40 or thereabouts and still got the capital imo.
Good entry re-16th.
16th is final date to buy CUM-RIGHTS.
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Last
$110.28 |
Change
-1.460(1.31%) |
Mkt cap ! $40.93B | |||
| Open | High | Low | Value | Volume |
| $111.09 | $111.59 | $109.67 | $142.1M | 1.287M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $110.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $110.30 | 2128 | 2 |
View Market Depth
| Last trade - 16.12pm 15/07/2025 (20 minute delay) ? |
| RIO (ASX) Chart |