correct me if im wrong, to find the after rights issue share price in simple terms is this:
before rights issue:
share price: $73
shares on issue: 1b
market cap: $73b
after rights issue:
share price: ?
shares on issue: (21/40)*1b = 1.5b
money raised(21/40)*1b*$28 = $15b
new market cap: $73b+$15b = $88b
$88b = 1.5b* (new share price)
new share price = $58
which it roughly was.
cant explain the drop since then.
i think ill buy.
why the big drop?, page-120
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Last
$119.58 |
Change
-0.290(0.24%) |
Mkt cap ! $44.39B | |||
| Open | High | Low | Value | Volume |
| $119.50 | $120.17 | $118.56 | $132.6M | 1.108M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 4171 | $119.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.60 | 6000 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |