i am not a holder, but I believe Sharesies also take part in these events/ capital raise.
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Yes not a holder in RYM but got the shareies email.
can apply for the shortfall. Can put in buy price and amount you want to invest. it can be scaled of course.
Will try get some. might sell some OCA to do it. :mellow:
Biting column from Jenny Ruth, "a stupid dividened", "poor decisions", "cash-flow is king". Broad-acre villages better for cashflow as you can sell units as they are built vs high-rise villages where units can only be sold when everything is built.
At least they are doing an accelerated rights issue and not a placement.
Are we expecting the head share to revert down to rights price like other raisings have in this soft market?
below rights id say
Ryman had also slowed and/or paused construction at six existing sites and revised its development pipeline towards lower density developments, "reflecting prudent management decisions made in response to elevated debt levels and changing market conditions including rising interest rates, the outlook for residential house prices, elevated construction costs and supply chain constraints
https://www.interest.co.nz/business/...rtable-current
What do folk think about Chris Lee....financial guy.
While the share price will inevitably fall to the offer price (and maybe below), it it highly unlikely to do so immediately. If you want to make a quick buck you could take them up and instantly dump.