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.
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$3.36 |
Change
0.010(0.30%) |
Mkt cap ! $3.028B |
Open | High | Low | Value | Volume |
$3.38 | $3.38 | $3.32 | $4.628M | 1.380M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1162 | $3.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.36 | 2730 | 1 |
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No. | Vol. | Price($) |
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1 | 1162 | 3.350 |
2 | 5584 | 3.340 |
4 | 9407 | 3.330 |
2 | 5584 | 3.320 |
1 | 1222 | 3.310 |
Price($) | Vol. | No. |
---|---|---|
3.370 | 7286 | 4 |
3.380 | 9407 | 6 |
3.390 | 5502 | 2 |
3.400 | 26140 | 2 |
3.410 | 1140 | 1 |
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