I don't think there's any advantage - I am not doing this with my holding.
Why sell for 5-10% less than the rights offer price to raise funds to buy 61.5% of the heads back.
You end up with a much more severe dilution than if you did nothing.......other than getting the PENOD, which may be worth zilch for quite some time to come.
Ann: Research Report, page-22
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $286.0K | 2.758M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 81 | 8753070 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 3414062 | 21 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |