Where am I going wrong in this rough calc?
Issuing up to 10m new shares.
6.6% dilution.
20% discount to last close of $3.77
So the theoretical SP fall is 6.6% * 20% = 1.32%
1.32% of $3.77 is about 5 cents.
So the SP should have closed at $3.72 today.
WTF???
Ann: Race Oncology Share Purchase Plan Opens, page-150
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Last
$1.66 |
Change
-0.020(1.19%) |
Mkt cap ! $282.8M | |||
| Open | High | Low | Value | Volume |
| $1.67 | $1.67 | $1.61 | $153.5K | 94.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 4080 | 1 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |