Lets say they closed at $ 1.38
Assume your shareholding is 10,000 so $ 13,800 value of investment .
Entitlement to 20,000 shares @ .53 $ 10,600
So you have 30,000 shares for $ 24,400 invested , Ave price would be $ .8133
Printable View
Presentation says -
Shareholders who do not acquire any New Shares in the Rights Offer (or the shortfall bookbuild) will be diluted by 67%
Suppose at the end of the day dilution doesn't mean very much at the end of the day for many shareholders
Brilliant call, well done. Terrible outcome for shareholders, especially the noobs, savaged their capital, being diluted to hell or having to stump up more capital for an extremely uncertain future, especially short term next 2-3 years.
We'll be watching for the SP fall back to the rights issue price and whether it overshoots down from there, before taking a long position. Would prefer a SP in the .20 - .30 entry than risking a .50 position. Might happen.
Huge caveat for all to see in the presentation. In other words their targeted financial objectives are their best case scenario of many possible scenario's some of which are abhorrently worse and may involve another capital raise in due course of a similar magnitude. Talk about extreme risk !!Quote:
Executive summary, bottom of page 7 Extract - Investors are strongly cautioned to not place undue reliance on these targeted financial objectives, particularly in light of the ever-changing Covid-19 situation, the current economic climate and the significant volatility, uncertainty and disruption caused by the pandemic, as well as the current conflict in Ukraine and its impact on global fuel prices. Due to the uncertainties going forward created by these factors, these targeted financial objectives should only be regarded as indicative of one possible outcome
Once the dust settles from all this it could be worth a small high risk punt at 25-30 cents.
So my $1.40 shares aren’t really worth that any more? ….asking for a friend
If its in the presentation its very well hidden. I've scanned through the document but can't see a name anywhere. That doesn't mean there isn't a name though - my eyesight is not that great when it comes to small print.
Is there a possibility it might be G. Robertson though?