My back of the envelop calculation on say 14% dilution on the MK conversion price would bring it down from $1.25 to something more like $1.09, meaning that MK could convert its $225M for 206-odd shares rather than 180 shares. So a little bit more dilution on MK conversion, but nothing to get uptight about.
My back of the envelop calculation on say 14% dilution on the MK...
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Last
$7.71 |
Change
-0.090(1.15%) |
Mkt cap ! $7.206B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.80 | $7.59 | $17.72M | 2.310M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16763 | $7.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.73 | 13637 | 5 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |