Hi MK14EVA......... a rights issue/spp often causes a dilution and price charts are adjusted accordingly.
However , in the case of PAR, when the books closed (ex entitlement) the share price was trading around $1.30c. (spp plan).
So, for example say 500,000,000 (500 million) @ $1.30c. = $650,000,000 market cap.
say 50,000,000 (50 million) spp @ $1.30c. = $65,000,000 cash
$715,000,000
Because the company received CASH of $1.30c. per share for the new issue, there is technically NO dilution.
$715,000,000 /550,000,000 (total shares) =$1.30c.
Cheers.
Chart, page-3238
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Last
19.0¢ |
Change
-0.010(5.00%) |
Mkt cap ! $66.54M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.0¢ | 19.0¢ | $203.4K | 1.019M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 387930 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 65468 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PAR (ASX) Chart |