Australia's largest stock trading and investment forum Australia's #1 stock forum

SP1

Click for more information

0.00%

$1.07 southern cross payments ltd

Sorry I missed something What do you mean by "managements...

First 69 Last

Share
Profile

Follow
Overboard888

177 Posts.

18

01/08/18

15:33

Post #: 34672404
Share

Originally posted by BertySmythe ↑

This dilution is very significant. That's why management's actions to trigger the share issue should be questioned.

It is an issue of a massive 50% of the current shares on issue (336 million shares issued on 668 million currently). On top of that, and unlike most share issues (placement, option exercises) this one is for free in that no capital is paid for the shares.

If one was to theoretically ascribe a value of 21 cents to ISX shares now, then on the same basis they would be 14 cents in September if all those shares are issued.

Expand

Sorry I missed something
What do you mean by "managements actions"
I would call it running a business , lol!

ISX Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 63 more messages in this thread...

First 69 Last

Add SP1 (ASX) to my watchlist