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Online Share Trading

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Rights offer

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Not applicable
If the market is forward looking and market info is reflect in the price of a share, then is 380 a fair price of this share post-rights issue that the market is now aware of? What is the feeling regarding where this price could move in the short term?
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2 REPLIES 2
Not applicable
I would guess that it will stay around R3.60 to R3.80 up untill friday and then fall by about 54% to R1.70 on monday.
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ClintD
Occasional Contributor
I dont know where you get your value of R1,80 from, but at current price (R3.70), and receiving the rights for 149 shares for every 100 currently held at R1,43 - i get an ex rights value of R2,20 - due to the fact that you can sell the rights (if you dont want to take them up) at roughly R1 according to my calcs!!
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