So what is better to do. Buy now and buy more on the offer at 28 later? Or get out now and buy after the new shares are released onto the market? Yes, the dilution effect pulls the price into the mid to high 50s, but that will also depend on the amount will be released onto the market by shareholders. If confidence remains good the price may surprise and stay higher than expected. If the Dow starts tanking again at the time of release we could see a wave of heavy selling pushing the SP well below the 50 mark. RIO was in the 50s only a few weeks ago and with no dilution!
every 40 entiltled to 21 shares @ 28 right?, page-70
Add RIO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$118.75 |
Change
-0.950(0.79%) |
Mkt cap ! $44.08B | |||
| Open | High | Low | Value | Volume |
| $116.91 | $119.27 | $116.22 | $220.9M | 1.871M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 230 | $118.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $118.85 | 235 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |