It's it exactly the same reason whether to buy or sell, take the 1/5 or not it's about where people see value - all the last few days has really down is ignite a little trading frenzy - the actual outcome of a 1/5 issues is really pretty trivial, it's pretty much just a small reward to shareholders while the company also builds bank. It's overshot & undershot the mark for how the share price value was held pre-rights - as the actual impact again of 1/5 is fairly trivial with not a huge difference to how the company is valued when it over shoots you sell when it's under you buy - the change in percentage of both rise and fall have provided more capital return that the 1/5 itself will bring. Hence at todays high you would of come out better by taking the price at high and missing the 1/5.
Don't forget it's 1/5 whichever way you look at so the price on 5 shares you already own far outweighs the difference 1 at a discount is going to make.
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$10.85 |
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0.860(8.61%) |
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 480 | $10.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.88 | 87 | 1 |
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No. | Vol. | Price($) |
---|---|---|
1 | 480 | 10.530 |
1 | 2000 | 10.510 |
2 | 837 | 10.500 |
1 | 60 | 10.450 |
1 | 500 | 10.400 |
Price($) | Vol. | No. |
---|---|---|
10.880 | 87 | 1 |
10.900 | 1491 | 1 |
10.950 | 100 | 1 |
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11.600 | 8 | 1 |
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