You said it yourself, shareholders will have a 3 for 1 option at 1.02. So where the incentive for new investors to buy in unless its at a bigger than usual discount to NAV?
For arguments sake, the NAV is $1 and it trades at a 10% discount at 90 cents. No dilution threat
Lets say the NAV then goes to $1.30, why would the discount remain at 10% given at 1.17 options are being exercised at 1.02?
Thus the NAV will need to be above 1.30 for a 1.17 share price because of the option made available to existing shareholders.
Like I said, this option will act as a headwind in the share price.
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Last
49.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $66.08M |
Open | High | Low | Value | Volume |
48.5¢ | 51.0¢ | 48.5¢ | $19.44K | 39.61K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 102085 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 10210 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 102085 | 0.490 |
2 | 10824 | 0.485 |
3 | 32173 | 0.480 |
1 | 4336 | 0.475 |
1 | 378 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 10210 | 1 |
0.520 | 8863 | 2 |
0.525 | 9542 | 1 |
0.550 | 2000 | 1 |
0.560 | 165499 | 2 |
Last trade - 14.10pm 16/08/2024 (20 minute delay) ? |
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