I'll write a real response in case some people actually want to learn.
So the price was around $6.50 before the announcement of the offer price (however we knew it was going to take place, and knew the current profit numbers).
1178405 new shares are to be issued. We will assume all will be taken up. (Most likely some people will forget / miss it so maybe only 95% or something, but this is just an assumption).
With 58920252 currently outstanding before the offer.
58920252 * 6.50 price = $382981638.0 market cap
If the new shares were offered at 6.50, the amount of net cash that the business had would increase by the same 6.50 per share and thus the business would be worth more market cap by 1178405 * 6.5 = 7659632.5.
You can add this to the total market cap to get the total predicted value 382981638.0 + 7659632.5 = 390641270.5
Then you can divide this by the new total number of shares, 390641270.5 / (60098657) = 6.5
Wow magic it equals $6.5 per share.
Now let's see what happens if we have the new shares are sold for $5.78.
1178405 * 5.78 = 6811180.9
382981638.0 + 6811180.9 = 389792818.9
389792818.9 / 60098657 = 6.485882353410992
As you can see the predicted impact on the share price is basically nothing (0.217%).
Literally less than the spread / random noise and change in the price intraday.
- Forums
- ASX - By Stock
- ANO
- Will the Share price come back to 5.78
Will the Share price come back to 5.78, page-7
-
- There are more pages in this discussion • 12 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 ANO (ASX) to my watchlist
(20min delay)
|
|||||
Last
76.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.46M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11000 | 76.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
89.0¢ | 100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11000 | 0.765 |
1 | 37855 | 0.760 |
2 | 43952 | 0.720 |
1 | 714 | 0.700 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.890 | 100 | 1 |
0.900 | 5250 | 2 |
0.950 | 5000 | 1 |
1.000 | 11450 | 2 |
1.050 | 5000 | 1 |
Last trade - 16.12pm 21/10/2024 (20 minute delay) ? |
Featured News
ANO (ASX) Chart |
Day chart unavailable
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online