If you value the SMN option at say 60 cents, which is currently about 30 cents out of the money, it would seem reasonably priced. In other words a $1.20 strike price with the market about 90 cents.
On the basis of a 60 cent valuation for the option which takes two rights to obtain, in theory, this makes the current value of a right 90 cents plus (60 cents divided by two) 30 cents which equals $1.20. Consequently, I cannot understand the stupidity of some shareholders not taking up their rights, provided they have the funds to do so.
Does anyone disagree with the above estimation of valuations.
Ex entitlement to attached options, page-123
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Last
58.0¢ |
Change
0.020(3.57%) |
Mkt cap ! $79.66M | |||
| Open | High | Low | Value | Volume |
| 58.0¢ | 58.0¢ | 58.0¢ | $3.597K | 6.201K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 990 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.5¢ | 1660 | 1 |
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| Last trade - 11.27am 25/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |