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australian business news today, page-4

  1. blackhole
    361 Posts.
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    12/04/11
    16:02
    Post #: 8254608
    "In a busy day for capital raisings, Melbourne-based Nexus yesterday kicked off an underwritten three-for-10 renounceable entitlement offer at 40 a share - a 14.8 per cent discount to the theoretical ex-rights price".

    back of envelope calcs, ~ 300m new shares @ 22% discount to last traded price but with 30% dilution, am I "doing it wrong"?
    NXS Price at posting: 46.9¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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