If an investor is short a stock on record date, he is not entitled to the dividend. In fact, he is responsible for paying the dividend to the lender of the stock. So the 1 in 17 entitlement offer the Shorter should be required to provide the shares required at $2.50. Now if that is the case then the Shorters have two options. They cover their short positions or they drive the SP down to less than $2.50 !!!
Captital Raising, page-27
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Last
$4.95 |
Change
0.040(0.81%) |
Mkt cap ! $6.167B | |||
| Open | High | Low | Value | Volume |
| $4.94 | $4.98 | $4.92 | $7.221M | 1.458M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12328 | $4.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.95 | 295 | 3 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| HVN (ASX) Chart |