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.
- Forums
- ASX - By Stock
- Horses for Courses
You said it yourself, shareholders will have a 3 for 1 option at...
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NSC (ASX) to my watchlist
(20min delay)
|
|||||
Last
60.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $81.65M |
Open | High | Low | Value | Volume |
60.5¢ | 61.0¢ | 60.5¢ | $80.53K | 133.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2882 | 60.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.0¢ | 9664 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2882 | 0.605 |
2 | 45030 | 0.600 |
3 | 37840 | 0.595 |
1 | 16940 | 0.590 |
1 | 25000 | 0.585 |
Price($) | Vol. | No. |
---|---|---|
0.610 | 9664 | 2 |
0.615 | 23903 | 3 |
0.620 | 54097 | 3 |
0.625 | 103230 | 3 |
0.630 | 147743 | 4 |
Last trade - 15.35pm 30/04/2024 (20 minute delay) ? |
|
|||||
Last
60.5¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
60.5¢ | 60.5¢ | 60.5¢ | 14756 | ||
Last updated 13.22pm 30/04/2024 ? |
Featured News
NSC (ASX) Chart |