Response t@NoImSpartacus
It's not so much a 53% reduction of the value of your shareholding, but a reduction of the proportion of the company that you own.
Theoretically, the value of the company rises following a capital raising, so (if you don't participate in the CR) you now own a smaller percentage of a larger entity.
If you owned 1% of a company and they increased SOI by 53%, you would now own 0.6536% of the revised entity.
You are quite right, though, about the dilution argument. There is dilution, it's just not exactly equal to the increase of SOI.
P.S. Now holding, couldn't contain myself.
Response t@NoImSpartacusIt's not so much a 53% reduction of the...
Add DEG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.21 |
Change
0.025(2.12%) |
Mkt cap ! $2.870B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.21 | $1.19 | $2.891M | 2.412M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 59 | 75105 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 110277 | 32 |
View Market Depth
| Last trade - 14.49pm 29/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |