Assume you have 100k shares in IBG and the share issue is non renounceable and you don't have any spare cash and can't gear the shares.
Also assume the rights issue is 1 for 10 at 10c and the current share price is 15c.
What is the optimum number of shares that you sell to buy how many rights to make the most profit / least dilution????
I know there are formulas for renounceable rights but can't find one for non renounceable rights (where the share price goes up).
Anyone??
Ann: Preliminary Approval for up to US$657m in Funding from EXIM, page-109
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $5.924M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $10.50K | 3.001M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 23725748 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 7397597 | 6 |
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| Last trade - 15.55pm 12/07/2024 (20 minute delay) ? |
| IBG (ASX) Chart |