The rights issue price of 49 cents ex.Rights in 25 September 2020 likely to see further correction come next week!
Every 1000 share you are allotted 454 Rights share at 49 cents each.
The current price of 73 cents + Rights price of 49 cents, the adjusted avg price is about 65 cents.
Short term wise, I think she may go even lower before ex.Rights date .
Price may correct below 60 cents.
Not a call to buy or sell.
Pls dyodd.
Hi, my quick calculation summary
ReplyDeleteShare Price
Cum rights 0.730
Ex-rights = 0.655
Inferred rights price = 0.165
I don't think that the market is going to be so despondent about this deal to purchase the freehold properties that it will drop the price much before going ex-rights.
First day close at 68.5 cents after the announcement,let's see what would be the closing price come Friday
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