Why is that Percy ? Because you didn’t take up your full allocation and have some cash coming for Christmas ? Or you think this will support the share price tomorrow ?
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So a little 32 cent per share bonus for those who didn’t take up their rights
Pretty big divie if you look at it that way ...or a decent Xmas present for somebody
So if the sp drops below 2.02 then those that did not take up the issue will be better off than those who did. The rise on the last day looks a bit suspicious to me.
Maybe I have things about face.?
The sp is a bit of a game to me,as I am neither a buyer or seller of HBL.
What I am looking at is HBL's capacity to keep growing eps,which will leave them in the position to keep paying increasing dividends,which will grow my income.
Each capital raise has seen HBL increase ROE and eps.I expect this trend to continue.
Great to see a high percentage take up of 82%. Although the original dog Arvida had a 90% take up...
And with the help of a bit of what seems "highly suspicious" jump to $2.07 right before the book build, a very high premium to the capital raising price.
Looking forward to seeing a double digit EPS increase. It needs to when it is trading at these sorts of multiples
Now just waiting for the unexpectedly expected profit upgrade to come through.