It doesn't really matter. If you come up with another way of valuing the shares you will still find that a cr can provide a buying opportunity. Suppose your analysis led you to believe the shares were worth 25c prior to the cr. You would then calculate the enterprise value at $165M before the cr and the price after the cr "should" be 23.8c (pessimistic case). If that were the case you would buy today but not prior to the cr.
Why buy shares following a CR, page-3
Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #
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