Strange share issue. In reading the announcement, I can buy shares on Tuesday the 3rd of November and qualify for the rights issue at 13c. How does this reward current shareholders? No priority given to them. At best the move will help prop up the share price short term.
(I have held shares in FMS previously)
Ann: FMS Capital Raising , page-38
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82.5¢ |
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Mkt cap ! $164.8M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 75.0¢ |
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| Price($) | Vol. | No. |
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