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
62.5¢ |
Change
-0.025(3.85%) |
Mkt cap ! $85.84M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 65.0¢ | 60.8¢ | $47.82K | 75.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1598 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 2673 | 1 |
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| Last trade - 13.24pm 09/09/2024 (20 minute delay) ? |
| SMN (ASX) Chart |