SAL

[#1]

TJB, did you get any good prices on SAL today? What's the bet we get even better ptices tomorrow . . .

[Jacques_1]

Can someone explain what this 4 for 1 rights offer is and why its affecting the share price so negatively

[#3]

Official Definition:
"A rights offer is when a company offers existing shareholders the opportunity to buy more shares in the company at a discounted rate and without the need to buy through a broker."

As I understand it SAL is offering you 1 additional share for every four that you already hold. This means that their share value drops by a certain expected percentage but which SAL recompenses you by giving you extra shares at a discounted rate (60c in this case) which you can sell later at whatever the ruling price is at that time.

[TJB]

Got 20000 at 94c

[Ruby]

You can get them for 90c now!!!

[#6]

90 - 95c should be fair value by now? Ya?

[john_1]

Just put in my bid @51c... might have to wait till lunch time before its filled but I was not planning anything major this morning anyway,

[#8]

where're the huggies . . .

[Jacques_1]

I got burned on thier previous rights offer, bought at 95 it then dropped to 68 i think it was, my only salvage was to trade the options. At the end of the day i still lost, so i`m staying out.

[clay]

If you look at the market cap before the share issue announcement and the new total number of shares that will be in issue after this fiasco, calculate the the price should be at around 91c.

[vishal]

I see the volumes for this share are still relatively good.Anyone have any ideas on whether this share is a good buy at this level

[TJB]

IMO on this one anywhere in the 90c range on this is a good buy