Hi All - I've been watching SYA for a little while now and from what I can gather it appears to be undervalued and would like to purchase some SYAR. I am however confused a bit/a lot about this rights issue and in particular the 'renounceable' part.
I have a question in this context:
Scenario:
Non-holder
Can a non-holder who never owned shares in SYA make a purchase tomorrow of SYAR for 100,000 'rights' (say at 0.003 - see image below)?
And will this cost $300 to buy the 'rights' for 0.003 and the $1000 for the shares (0.01 per share) for a total for $1300?
I think the answer is yes as these are renounceable rights and can therefore be sold by other holders to non-holders, but I'm not 100% sure (obviously)..
Thanks,
Risky
Ann: Renounceable Rights Issue Prospectus, page-58
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Last
3.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $349.9M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.4¢ | 3.3¢ | $739.5K | 22.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 10111792 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 4951690 | 17 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| SYA (ASX) Chart |