tango
24-08-2020, 02:43 PM
Is anyone participating in the rights issue?
Australia's largest airport is aiming to raise $2 billion through a fully underwritten renounceable entitlement offer. It is offering eligible shareholders the chance to purchase one new Sydney Airport share for every 5.15 shares held at $4.56 per share. The offer includes an institutional and retail component.
The offer price represents a 13.2 per cent discount to the theoretical ex-entitlement price of $5.26, based on the $5.39 closing price of Sydney Airport securities on August 10.
Current price $5.40
I have been holding this stock but I think I have gone from the denial stage to despair. We are a long way out from air travel resuming. 2-3 years before whatever the new normal is and that is probably going to be less than historical if people keep using Zoom for business meetings!
Australia's largest airport is aiming to raise $2 billion through a fully underwritten renounceable entitlement offer. It is offering eligible shareholders the chance to purchase one new Sydney Airport share for every 5.15 shares held at $4.56 per share. The offer includes an institutional and retail component.
The offer price represents a 13.2 per cent discount to the theoretical ex-entitlement price of $5.26, based on the $5.39 closing price of Sydney Airport securities on August 10.
Current price $5.40
I have been holding this stock but I think I have gone from the denial stage to despair. We are a long way out from air travel resuming. 2-3 years before whatever the new normal is and that is probably going to be less than historical if people keep using Zoom for business meetings!