Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

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??
0 Kudos
5 REPLIES 5
SimonPB
Valued Contributor
they wouldn't .. unless they want more than is on offer on the open makret
0 Kudos
phd
Contributor
Yet another dilution...
0 Kudos
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.
0 Kudos
SimonPB
Valued Contributor
depends if there is an under writer and if others apply for excess allocation
0 Kudos
DST
Super Contributor
0 Kudos