Aug 29 2012, 09:22 PM
QUOTE(brownykoko @ Aug 29 2012, 05:35 PM)
My guess is the rights issue of 1 rights for every 4 shares held at RM1.23/rights.
Since today is the ex date for the rights; the price will be adjusted accordingly.
4 shares at RM1.46 = RM5.84
plus
1 share at RM1.23 = RM1.23
Total cost for
5 shares = RM5.84+RM1.23 = RM7.07
Therefore average price per share is
RM7.07/5 = RM1.414 which is approximately this morning's opening price of RM1.41.
does that mean if those that holds mother share, but dont buy rights issue, will be losing $ since the price will drop due to averaging once the rights issue is listed?Since today is the ex date for the rights; the price will be adjusted accordingly.
4 shares at RM1.46 = RM5.84
plus
1 share at RM1.23 = RM1.23
Total cost for
5 shares = RM5.84+RM1.23 = RM7.07
Therefore average price per share is
RM7.07/5 = RM1.414 which is approximately this morning's opening price of RM1.41.
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