AIR - Air NZ.

[ados_nz]

2 for 1 at $53c gives an average weighted sp of $1.09 based on today's close?

[winner69]

Slide 35 calcs I did in my head

But suppose many shareholders will need a simple explanation of TERP

I got 81 cents as well ....but I didn't calculate the 53 cents is a 35% discount to TERP

[winner69]

2 for 1 at $53c gives an average weighted sp of $1.09 based on today's close?

TERP is 81 cents

[ados_nz]

Thanks Winner, New to this so trying to figure out the value level to close the short.

[Beagle]

My prediction 2 weeks ago vs reality today of 2:1 at 53 cents.

Not that far off.

You're a legend.

[winner69]

No doubt rights trading could be interesting for some next week

[stoploss]

I would assume anyone short would be forced to take up their rights, and hence would only profit if the price falls bellow the weighted average of the short price and price the new shares are issued at?

If you are short something you don't own it so you are not going to get the rights to take up the shares.
Just as if you are short , you don't get the dividend if it pays one -the owner of the shares gets that.

[Balance]

No doubt rights trading could be interesting for some next week

If FFS & SKT are any guide, going to be a bloodbath for retail investors.

[Gerald]

No dividends till 2026 Oh dear

[Balance]

No dividends till 2026 Oh dear

4 years is a long time in the airline industry!

So WTF is going to buy the shares?