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.
I reckon a rights issue at $1.15 would be selling the...
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Last
39.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.35M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.0¢ | 39.0¢ | $1.792K | 4.596K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6698 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 5000 | 1 |
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| Last trade - 10.09am 24/05/2024 (20 minute delay) ? |
| SMN (ASX) Chart |