Thanks SR, I understand your points.
Of course anyone who takes up their rights in full will end up with exactly the same percentage holding in the company that they had before the rights issue.
Lets say you held 1m shares before the issue. That is .48% of the company.
Take up full rights entitlement.
You now own 1.965 m shares after the issue. That is .48% of the new company.
And the new company is more valueable, by virtue of having an extra $20m free money in the bank.
I see that Andrew Forrest is somehow seen as being sneaky by his underwriting agreement. To me, that looks to be a lot better alternative than a big broker being the underwriter. At least Andrew will probably keep his shares, but a broker as underwriter will flog them any time.
Thanks SR, I understand your points.Of course anyone who takes...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add POS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.85M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $44.42K | 10.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 35438671 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 11634354 | 27 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| POS (ASX) Chart |