I too am strugling to fully understand the implications.
To simplify it seems to me that the directors will invite investors (presumably via brokers to sophisticated and insto investors)to stump up $20m which BPH will use to buy Advent shares at the Advent bookbuild price.
So BPH ends up with more shares issued (ignoring consolidation) but has a higher MC because it now owns more Advent shares. Plus the value of each Advent share will have been made explicit via the bookbuild process.
So my question is:-
in theory will the value of say 10,000 BPH now increase or decrease after they trade again on 3 Dec?
I guess it critically depends on the price of the Advent bookbuild and this wont take place until a regulatory approvals are in place for the drill.
Can anyone shed further light?
I too am strugling to fully understand the implications.To...
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $20.65M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.0¢ | 1.8¢ | $64.19K | 3.434M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 5367878 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 373328 | 8 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| BPH (ASX) Chart |