I figure that the diluted shares should trade at 83c based on the close of 95c, all things being equal. I think that means the rights should trade at 83c less 53 exercise = 30c roughly. Anybody have any calculations to support.
Wouldn't mind knowing if any extreme buy or sell opportunities arise tomorrow on either the shares or the rights.
I simplistically worked it out on a parcel of 100 shares:
Today 100 shares @ 95c worth $95.
Tomorrow 100 shares @95c = $95.00
Plus 40 rights to pay 53c = $21.00
Total of 140 shares = $116.00 or 83c each approx.
Is that the right approach or do I need to go back to kindergarten before I do my wobbly bits??
Appreciate some confirmation because I think there will be some weeird prices tomorrow.
- Forums
- ASX - By Stock
- trading ex rights tomorrow
I figure that the diluted shares should trade at 83c based on...
-
- There are more pages in this discussion • 4 more messages 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 AVX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online