Share
2,336 Posts.
lightbulb Created with Sketch. 55
clock Created with Sketch.
13/08/20
13:58
Share
Originally posted by Moonshine66:
↑
I’ll probably pick up my entitlement and then put this stock in the bottom draw for a few years - a long road back I reckon. Rights should trade at about 80c but it will depend on what the actual underlying stock does on Friday. If the market likes that SYD is strengthening its balance sheet and the stock goes up to $5.60 then the rights are in theory worth $5.60-$4.56 = $1.04....if the market doesn’t like it because it thinks raising funds like this is indicative of a company in strife (and the stock price drops to say around $5) then the rights are only worth 44c ......ie 5.00 - $4.56) In other words the rights price will fluctuate with the stock price
Expand
we wont really see big differences tomorrow. Probably will just trade at current price. News about vaccines getting focus so that will have some positive for now.