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Online Share Trading

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Rights offer

Reply
berts
Occasional Contributor
Why would anyone pay R0,27 for the right offer shares when you can buy them for R0,24 on the open market??
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5 REPLIES 5
SimonPB
Valued Contributor
they wouldn't .. unless they want more than is on offer on the open makret
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phd
Contributor
Yet another dilution...
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berts
Occasional Contributor
So, sacoil won't get the R570mil they are looking for, only the R329mil the PIC apparently has itself committed to. Does not look good.
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SimonPB
Valued Contributor
depends if there is an under writer and if others apply for excess allocation
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