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11.5%

2.9¢ anteotech ltd

Ann: Rights Issue, page-23

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good1234

2,649 Posts.

427

08/05/19

14:09

Post #: 38467788
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Originally posted by PeterFred: ↑

Thanks, Stockhunter. My back-of-the-envelope calculations, all of which including assumptions need to be examined:

Assume SP of 1.5 cents upon ex-entitlement;
Assume continuing steady interest in Anteo (i.e no startling news either way)
Assume rights trading at 0.4 cents (the arbitrage value might be seen in the deferred 2.0 cent option of one option per two shares);
a current shareholding of 2,000,000 shares could be deployed thus:
sell 1,500,000 rights at 0.4 cents yielding $6000
accept 500,000 new shares at 1.1 cents, costing $5500
net return in pocket for a good night out: $500.

Please comment on my assumptions and my arithmetic.

I think the issue has been thoughtfully structured, and I wish I could take up my whole entitlement. So I was looking how I could break even, while reducing the dilution for me. But the importance of the funds from a CR are far more important to me than dilution, as those funds are essential for the company's progress. And if a good deal arose, and the SP doubled or tripled, we would all be well ahead of that dilution.

All constructive criticism is welcome.

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you only have 400,000 rights for 2 mill shares
Last edited by good1234: 08/05/19

ADO Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.9¢		Change 0.003(11.5%)		Mkt cap ! $72.20M

Open	High	Low	Value	Volume
3.1¢	3.7¢	2.9¢	$1.433M	44.19M

Buyers (Bids)

No.	Vol.	Price($)
12	870964	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	511263	4

View Market Depth

No.	Vol.	Price($)
11	770964	0.029
6	762196	0.028
3	470000	0.027
9	1461957	0.026
9	1417001	0.025

Price($)	Vol.	No.
0.030	511263	4
0.031	1000000	1
0.032	1329989	3
0.033	1056720	5
0.034	903206	6

Last trade - 16.10pm 18/10/2024 (20 minute delay)

ADO (ASX) Chart