Last sale $1.40 => ex-dividend price of $1.36. Using N=PSxR/P and plan SP discount of 10%, maximum number of shares issued will be:
(31,322,369x 0.04)/(1.36 x 0.9)=1.02m shares
=> Current diluted PE (SP is $1.40) is 11.3x(31.3+1.0)/31.3 = 11.7. Also PE of new shares issued at a discounted $1.22 would be 10.2. A bargain or not? The answer to that question determines if the SCT DRP is for you!
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