If the share price is weak/continues to decline, it will probably put a large number of retail holders off taking up a 3 for 1 rights offer. Obviously renounceable rights can either be taken up, sold (if there is value in them), or lapse. Sinar Mas is underwriting $300m of the rights issue, so pretty clear what the intention is here.
Call me a sceptic but it wouldn't surprise me at all if the share price is pushed down to even below the rights issue price.
If the share price is weak/continues to decline, it will...
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Last
$1.90 |
Change
0.020(1.06%) |
Mkt cap ! $1.712B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.91 | $1.84 | $1.595M | 847.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 24625 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 12414 | 15 |
View Market Depth
| Last trade - 14.54pm 20/06/2025 (20 minute delay) ? |
| SMR (ASX) Chart |