LULZ.
Let's say the entire company has only 5 shares on issue. At 3cps, the company is being valued at 15c in total.
The company then issues another 3 shares, and receives 3c cash in return. There are now 8 shares on issue, and the company is worth the 15c it was originally worth, plus the 3c cash it's received, a total of 18c. On a per-share basis that's 18c/8, ie 2.25c.
Now. Tell me again why the announcement of a horribly discounted capital raising means people will now pay more for stock?
Ann: Non-renounceable rights issue-PLP.AX, page-23
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.17M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $806 | 402.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 161 | 160901130 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 104779532 | 52 |
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| Last trade - 13.15pm 19/07/2024 (20 minute delay) ? |
| LPD (ASX) Chart |