The real price action starts today with the 131m new shares being available for institutions to sell if they so choose.
http://nzx-prod-s7fsd7f98s.s3-websit...578/416756.pdf
Remember that this CR is non-renounceable for retail shareholders so any shareholder not taking up their entitlement will receive zero value for being diluted.
So dividend investors are going to have to sell existing shares to take up their entitlements.
Certainly not expecting any 'informed' retail investors to be buying any shares on market and they only have this week to take up their entitlements.
Sp to hit $1.06 today?