@ma420 The cost of the options to shareholders is dilution. The cost to the company is nothing. The cost benefit to both is not burning cash that would otherwise need to be funded.
At $4.25 exercise price the market cap would be $700m+ to be in the money. Very bullish!
If the share price does not reach $4.25 the options are out of the money. Is there still an arbitrage because of the cashless exercise that mean the oppies will not be completely worthless?
Ann: Quarterly Activity Report & Appendix 4C, page-93
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RAC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.02 |
Change
0.010(0.50%) |
Mkt cap ! $343.9M | |||
| Open | High | Low | Value | Volume |
| $2.04 | $2.09 | $1.92 | $768.4K | 380.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 484 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.02 | 3251 | 2 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| RAC (ASX) Chart |