PBH

0.00%

49.5¢ pointsbet holdings limited

Ann: PointsBet Announces Capital Raising, page-6

First 6 Last

Share
Profile

Follow
rick64

7,636 Posts.

196

03/09/20

10:31

Post #: 47048217
Share

Originally posted by RUWM: ↑

Entitlement price $6.50 Vs Placement price of $13

The true cost base of PBH shares can only be determined by accounting for both the Entitlement and Placement offers. Therefore, PBH’s placement price is likely to be around $13 per share as this provides an average discount of 11% on the closing price.

$13 per share is not unrealistic as PBH are only raising $150m in the placement. This represents approximately 9% of their issued capital. Institutional holders will need to pay a premium price over the entitlement offer to acquire additional equity.

As shown in the calculation below, combining the Entitlement and Placement offers results in an average buy price of $12.17 per share. Based on the following assumptions.

- Average buy price for entitlement offer $13.13;
- Entitlement offer full subscribed for at $6.50;
- Market value of options issued $3 per option;
- Price paid for each Placement share $13; and
- Additional placement share acquired being 15% of the number already held.

Anybody that acquired with an average cost base of $5.00 per share will maintain a cost base of $5 per share. This is below the Entitlement issue price of $6.50. Assumptions:

- Average buy price for entitlement offer $5.00;
- Entitlement offer full subscribed for at $6.50;
- Market value of options issued $3 per option; and
- Do NOT participate in placement.

Anybody that acquired with an average cost base of $2.00 per share will see their cost base increase slightly to $2.40 per share. This is below the Entitlement issue price of $6.50. Assumptions as above, except for the initial cost base reducing from $5 to $2.

All calculations above assume the options are sold for $3 per share. The results are different if the options are exercised at $13.

Expand

Hi @RUWM
I am not able to understand your sheets, could you please help with mine? I only hold 223 shares.Not sure if I should take part or not. Thanks average is $8

Last edited by rick64: 03/09/20

PBH Price at posting: $13.69 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Emerald & Azure score Digger & Dealer awards

NEU

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

HZR

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

TKM

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

Revolutionary inverter technology leads the clean energy charge

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

Bitcoin: Current State of Play & Where to Next | Swyftx

TNC

True North increases silver metal at QLD's Vero deposit by 20%

There are more pages in this discussion • 11 more messages in this thread...

First 6 Last

Add PBH (ASX) to my watchlist

(20min delay)
Last 49.5¢		Change 0.000(0.00%)		Mkt cap ! $164.0M

Open	High	Low	Value	Volume
48.5¢	49.5¢	48.0¢	$108.5K	220.1K

Buyers (Bids)

No.	Vol.	Price($)
1	6479	49.0¢

Sellers (Offers)

Price($)	Vol.	No.
50.0¢	30917	4

View Market Depth

No.	Vol.	Price($)
1	6479	0.490
1	10608	0.485
1	47076	0.480
1	25000	0.475
4	85382	0.470

Price($)	Vol.	No.
0.500	30917	4
0.505	10000	1
0.510	1000	2
0.515	10204	1
0.520	15533	3

Last trade - 16.10pm 09/08/2024 (20 minute delay)

PBH (ASX) Chart

Ann: PointsBet Announces Capital Raising, page-6

Emerald & Azure score Digger & Dealer awards

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

Revolutionary inverter technology leads the clean energy charge

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

Bitcoin: Current State of Play & Where to Next | Swyftx

True North increases silver metal at QLD's Vero deposit by 20%

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: PointsBet Announces Capital Raising, page-6

Top Stories

Emerald & Azure score Digger & Dealer awards

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

Revolutionary inverter technology leads the clean energy charge

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

Bitcoin: Current State of Play & Where to Next | Swyftx

True North increases silver metal at QLD's Vero deposit by 20%

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News