dilution sp vs current price

Apologise if this has already been addressed:

Here are my calculations given various rights take up scenarios and then also the implied share price given current price of 0.15.

If you assume 50% take up on the rights issue, that would mean a diluted price of 0.144 or alternatively, .167 if there were no cap raising. So at 0.15 close we are actually trading higher than the pre-trading halt close.

This might be a simplistic view, but I think it demonstrates confidence in VPG.


DILUTION SP
Pre Announcement $0.16
Post Insto Allotment (Rights + Placement) $0.148
0% Retail Rights Take Up $0.148
25% Rights Take Up $0.146
50% Rights Take Up $0.144
75% Rights Take Up $0.142
100% Rights Take Up $0.141


IMPLIED SP IF NO CAP RAISING
Post Insto Allotment (Rights + Placement) $0.163
0% Retail Rights Take Up $0.163
25% Rights Take Up $0.165
50% Rights Take Up $0.167
75% Rights Take Up $0.169
100% Rights Take Up $0.171