I think you misunderstood Boris.
I already owned 7,700 STO, so was given 4529 rights. If entitled I could subscribe to the rights & pay A$3.85 for 4529 shares. Instead of that I bought STO on market & will sell my rights. In doing so, I effectively reduce the cost of my 4529 shares by the amount I get for my rights.
Buy on market @ 3.90
Sell STOR @ -0.30
effective buy in price = 3.60...
Other alternative is subscribe for 3.85. This saves me (at current rights price) 0.25.
STO - blame the banks, page-5
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Last
$7.89 |
Change
-0.030(0.38%) |
Mkt cap ! $25.62B | |||
| Open | High | Low | Value | Volume |
| $7.87 | $7.94 | $7.86 | $44.13M | 5.590M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25085 | $7.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.89 | 39733 | 1 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |