Hergerr,
There is a very big difference to a 1 for 100 shares owned to 21 for every 40 shares owned.
If BHP had a 1 for 100 share offer well that's only a 1% difference so therefore BHP would probably only drop 1%.
Rio's offer is almost a 50% difference. They are diluting their shares by approx 50% so expect a 50% drop.
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RIO
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2.96%
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$117.85

why the big drop?, page-8
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Last
$117.85 |
Change
3.390(2.96%) |
Mkt cap ! $43.73B |
Open | High | Low | Value | Volume |
$115.55 | $118.14 | $115.05 | $106.3M | 905.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 163 | $117.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$117.86 | 10 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 183 | 117.870 |
5 | 209 | 117.860 |
8 | 222 | 117.850 |
7 | 218 | 117.840 |
5 | 177 | 117.830 |
Price($) | Vol. | No. |
---|---|---|
117.880 | 3040 | 6 |
117.890 | 23 | 1 |
117.900 | 3660 | 11 |
117.910 | 176 | 5 |
117.920 | 1305 | 7 |
Last trade - 12.34pm 22/07/2025 (20 minute delay) ? |
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RIO (ASX) Chart |