The market should, in theory, react on the ex date - no earlier, no later. And that is in a few days.
CRs rarely result in the sp actually moving to exactly TERP, sure, agreed. But I can buy now for Lepidico's blue sky, and after PLP goes ex I'll be able to do the same. So that doesn't explain any variation from TERP when it goes ex.
Ann: Non-renounceable rights issue-PLP.AX, page-28
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0.2¢ |
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Mkt cap ! $25.76M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 72 | 70030486 | 0.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 75020698 | 46 |
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