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9.7¢ redflow limited

UP In Arms, page-80

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lordearl

1,753 Posts.

236

13/04/19

11:48

Post #: 38126344
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Originally posted by adent: ↑

well, the announcements state that the entitlement is 1 new share for every 2 held.
So using your numbers of 50000 shares, then you can end up with 75000.
Is that a good deal? Well depends on how low the market goes doesn't it.
Also depends when you brought them and what price you brought them at doesn't it.
Buying that 25000 at 4.2 cents = $1050.
If you had paid 20 cents for the original 50000, then the opportunity to increase the holding by 50% for 20% of the price is a bargain.
If you buy on market, then that doesn't help Redflow at all, so not really helping the initial investment of 50000 either.
But taking up the entitlement and buying off market helps Redflow and thereby helping the 50000 that are already held.
The off market purchase also I assume comes with zero brokerage fee.

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And it appears we can apply for more than the 1 for 2...no guarantee on getting it though....

RFX Price at posting: 4.8¢ Sentiment: Hold Disclosure: Held
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