interesting to observe from the comments above that most of the posters whose disclosure is “HELD” find this announcement positive while “NOT HELD” were skeptical.. anyway I noted that the SP action after the announcement today was positive ( though such a short timeframe to really conclude anything) but personally as a holder i like the opportunity..
the way I see it as (hypothetical cases):
Current holding say 1000 share @ 2.54 = $2540
if the share price increased to say $3.5
profit from option = $960 (38% of initial investment)
so for break even, share price has to drop to below $1.56 if the conversion of option causes reduction in NTA and and hence the drop in share price. I don’t think it will have such an effect as such I can see a win win here. the only question for me is by how much!!!
all IMO DYOR!!
Ann: WGB announces Bonus Issue of Options to all shareholders, page-13
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Last
$2.23 |
Change
-0.040(1.76%) |
Mkt cap ! $792.2M | |||
| Open | High | Low | Value | Volume |
| $2.26 | $2.27 | $2.23 | $586.8K | 261.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 36083 | $2.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.25 | 7500 | 2 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| WGB (ASX) Chart |