Hi @madamswer thank you for your helpful insight on this, it is very interesting reading.
I understand your comments regarding what others have called the "clever capital re-cycling" in your tabled example, which is indeed very clever. I am still however not following this arb profit. Sorry to sound daft but I genuinely don't follow how participating in this equates to minimum $5724 free money come May 5th when the commencement of trading the new shares arrives. Who knows what the trading price will be once this date comes?
Ann: REH - ASX Announcement Equity Raise, page-52
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Last
$24.65 |
Change
0.490(2.03%) |
Mkt cap ! $15.92B | |||
| Open | High | Low | Value | Volume |
| $24.47 | $24.72 | $24.19 | $21.92M | 890.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 390 | $24.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.68 | 1219 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| REH (ASX) Chart |