Agree with most of the comments that have been posted here already today.
Issue is excellent for non-holders looking to take advantage of a cheap entry now.
Theoretically, SP should fall be value of rights on morning of ex-entitlement. But in practice, its likely to list at a premium to this theoretical value.
Mngmt could have priced it at a 15-for-40 or thereabouts and still got the capital imo.
Good entry re-16th.
16th is final date to buy CUM-RIGHTS.
the more i read, the more i worry, page-43
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Last
$119.37 |
Change
-1.230(1.02%) |
Mkt cap ! $44.31B | |||
| Open | High | Low | Value | Volume |
| $120.15 | $120.72 | $119.00 | $104.0M | 869.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 143 | $119.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.38 | 2170 | 2 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |