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
Hi All - I've been watching SYA for a little while now and from...
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $298.5M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 3.0¢ | 2.8¢ | $649.8K | 22.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 5699829 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 5121021 | 23 |
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| Last trade - 14.34pm 22/08/2024 (20 minute delay) ? |
| SYA (ASX) Chart |