Could be an oppourtunity to collect more at a discount rate, or in my case, get on the band wagon since I missed it!
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Currently at 1.20, so downwards pressure on the short term share price, i'm not to worried, as my original purchase price was a lot lower (60s), and with this share options, will decrease my average power further.
That announcement seems to have killed the share price!
Record date for eligibility is 7th November. I am sure that will put a thorn in the side of many people thinking to sell out today to buy more later... you have to make sure you can buy before Nov 7th if you want to be in with a grin...
If the price stayed above 1.10, you would be looking at a potential quick 100% profit if you took up the rights issue, or more if the price was higher... if you are currently selling PEB you may want to quickly withdraw your bid until you have time to mull this over!
Dilution??
(2*0.55 + 15*1.40) / 17 = 1.30
Not sure am I right?
.......DANGEROUS GAME WE ALL PLAY!!..........the market sure doesnt like it
Excellent timing, just topped up my holding. Don't understand the panic!