Divvy FYI; XE ex entitlementXE first displays for a security...

Divvy FYI;

XE ex entitlement

XE first displays for a security from the morning of the Ex Entitlement date (generally four business days before the record date) and remains until the close of business on application's close date. Trading in securities displaying XE on ITS does not carry the right to securities in the entitlement issue. For more information refer to the description of Cum Entitlement. All orders are purged at the end of the trading day prior to the security being quoted on an XE basis.



RE "how does this affect the shareprice";

Not sure whether your referring to pre XE or post XE. You can however expect, that once the record date is passed for the entitlement the SP will retrace, quite possibly to the 15c level unless of course the company releases some form of clear and positive announcement.

A retrace to the 15c level in this case, would be more a response from market irrationalism as opposed to underlying value and the entitlement issues dilutionary effect.

Dont forget, thes spud's likely by Monday. The rights issue closes this Friday the 16th May and Blamore is meant to spud on Monday the 19th of May, so if Blamore is spud on the 19th, I highly doubt the SP will see 15c again.