I don't think the stock price will depreciate too much. Its only a 1 for 5, not a 1 for 1. Say you bought at $7.75, then ($7.75x5 +$5.75)/6 gives an average cost price of $7.42. It all depends on what the instos will pay for the rights.
The SP might even go up, given that the company is more financially sound with reduced debt, a profit forecast confirmed for now.
afr saying nuf cr and rights tomm., page-18
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Last
$3.66 |
Change
-0.060(1.61%) |
Mkt cap ! $1.401B | |||
| Open | High | Low | Value | Volume |
| $3.69 | $3.75 | $3.66 | $5.714M | 1.551M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 20277 | $3.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.69 | 79772 | 5 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| NUF (ASX) Chart |