Kelf - good on you for asking the question.
The company wants to get an influx of cash so it offers existing shareholders more shares at a reduced price. This dilutes the value of the existing shares, which is why the price is dropping at the moment.
RIO's offer of new shares at 28.29 is VERY cheap. If you've got the cash, buy what they offer you - ie 21 for every 40 shares you now own.
Although the share price is falling now, it will recover in time.
what is a rights issue???, page-2
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RIO (ASX) to my watchlist
(20min delay)
|
|||||
Last
$122.07 |
Change
1.070(0.88%) |
Mkt cap ! $45.31B |
Open | High | Low | Value | Volume |
$121.50 | $123.08 | $121.50 | $126.7M | 1.034M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 697 | $122.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$122.07 | 110 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 697 | 122.030 |
2 | 181 | 122.010 |
4 | 681 | 122.000 |
1 | 49 | 121.890 |
1 | 8 | 121.800 |
Price($) | Vol. | No. |
---|---|---|
122.070 | 110 | 1 |
122.100 | 10000 | 1 |
122.250 | 10000 | 1 |
122.670 | 181 | 4 |
122.840 | 3059 | 1 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
Featured News
BM8
Learn of the ASX-listed company that is well-placed to respond to the future global energy demand
SBW
Shekel Brainweigh reports a 50% revenue increase in its Retail Innovation suite and delivers the first batch of 20 Smart Bays to Hitachi as part of a larger order
RIO (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online