Yeah we all know about the renounceable issue after the tender but a couple of posters were waxing eloquent about it being a 1 for 5 issue as if it was a done deal.
My query was about the 1 for 5. I haven't seen an ann that spells out such details. If one has been made then can someone point me in that direction?
NUF has about 220 million shares so a 1:5 issue will need to be pitched at about $5.70 - $6 to produce the desired $250 million. This seems a bit low to me.
goatpointer the offer announced 29 december, page-3
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Last
$4.67 |
Change
0.230(5.18%) |
Mkt cap ! $1.785B | |||
| Open | High | Low | Value | Volume |
| $4.49 | $4.68 | $4.49 | $5.962M | 1.296M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 998 | $4.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.68 | 1173 | 2 |
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| NUF (ASX) Chart |