I reckon a rights issue at $1.15 would be selling the opportunity short. In this instance I am more on the side of the company rather than the shareholders. I would prefer them to choose the time when they can get at least $1.50. Even though I will receive fewer shares for my outlay, there will be fewer shares on issue which in the long term means larger dividends per share & a higher share price.
Ann: Trading Halt, page-96
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Last
50.5¢ |
Change
0.005(1.00%) |
Mkt cap ! $69.36M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 51.3¢ | 49.5¢ | $15.70K | 31.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3134 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 9591 | 1 |
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| Last trade - 15.57pm 09/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |