Hi investing friends,
HG Metal's offer on dividends and rights issue wil go ex-all on Monday.
Just want to present the calculation to arrive at the theoretical price after ex-all.
Based on Friday's closing of 54cts and 2-for-5 rights issue @20cts,
Cost of purchasing 5 shares @54cts - $2.70
Cost of 2 rights shares @20cts - $0.40
Total costs of getting 7 shares would be $3.10.
This would give you a theoretical ex-all price of 44cts.
P/S - Computation excludes brokerage costs.
P/S - Edgar does not have any HG Metal share.
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