RCR rincon resources limited

6.67%

1.6¢

Ann: Strong Results and Capital Raising to Support Future Growth, page-5

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marko702

502 Posts.

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25/08/17

14:51

Post #: 26763288
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Originally posted by gustaaf ↑

I didn't appreciate that the CR shares would have a dividend attached to them, so that changes things. The way I was looking at it was that the approximate $8.4m in dividends could have been used to decrease dilution by 2.4 million CR shares. The other consideration was what I considered a punitive tax structure in that that you pay tax on unfranked dividends, but you use net income to buy the shares. The way I was looking at it however would have disadvantaged share holders who don't participate in the CR, so perhaps that was a bit short sighted.

Based on the reaction from the market today to the FY2017 results, CR and FY2018 outlook, we are unlikely to encounter the usual retrace in the SP towards the CR level, which now looks very attractive after the 10% jump. I'm still kicking myself for pulling a buy order at $1.25 when the SP collapsed about 18 months ago.

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Distribution Amount AUD 0.06000000
Ex Date Wednesday September 20, 2017
Record Date Thursday September 21, 2017

So the CR is open 31st, all new shares will be eligible for div. Hope that helps, (and convinces you to pick up a few more) after today, 3.55 is looking more and more like a steal!

RCR Price at posting: $4.15 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.6¢		Change 0.001(6.67%)		Mkt cap ! $4.680M

Open	High	Low	Value	Volume
1.6¢	1.6¢	1.6¢	$534	33.4K

Buyers (Bids)

No.	Vol.	Price($)
3	150030	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	58480	2

View Market Depth

No.	Vol.	Price($)
3	150030	0.015
1	1071214	0.014
4	2461338	0.013
4	1770545	0.011
2	700000	0.010

Price($)	Vol.	No.
0.017	58480	2
0.018	836666	3
0.019	800000	1
0.020	270000	1
0.022	2500000	1

Last trade - 11.36am 25/07/2025 (20 minute delay)

RCR (ASX) Chart

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