Note the mkt cap of the rights now $965m plus AIR at $1045 = $2010m. To make it apple with apples with old price divide value by nos of old shares, ie 2010/1122 = $1.79. Increase from Friday 179/127.5 = 40%.
Did I miss the takeover offer?
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Note the mkt cap of the rights now $965m plus AIR at $1045 = $2010m. To make it apple with apples with old price divide value by nos of old shares, ie 2010/1122 = $1.79. Increase from Friday 179/127.5 = 40%.
Did I miss the takeover offer?
The AIRRG shares are offered around the 79 Cents. If you buy 10,000 of them, you can buy 20,000 shares of AIR after 26 April at 53 Cents each.
Can someone else cast their eyes over the listing rule below. It would seem to me that AIR released the notice on the 31st Thursday, went ex on Monday 4th. There is 1 business day between. Where are the 4 clear business days? That time is meant to be there to allow the rights issue to be understood.
Rule 4.17.6 For an application to NZX for Quotation of Rights under a Rights issue of Equity Securities, notice in a manner and form required NZX must be completed and supplied to NZX through MAP including any QRP notice(unless the QFP has already been released through MAP). If such Quotation is granted:
(a)such notice must be released through MAP no later than 5 Business Days before the Ex Date for the Rights Issue,
It's not just these 'sharesies people'' and mum and dads' - instos and sophisticated investors piling in as well - Kiwi and Aussie ones as well
Bright things ahead for AIR - so many can't be wrong
Them Head shares may well be back up to circa $1.53 in no time, the way things are going.. ;)
Let's not worry about hard to understand fundamentals, lack of a dividend for yonks or the ship
belching out more red ink than all the South Island meatworks (No one really wants to
even understand or know about the extent of Red, when Uncla Grant is smiling at the job)
I see you have applied the "duck test" lol https://en.wikipedia.org/wiki/Duck_t...ears%20to%20be.