There is a formula to calculate the theoretical ex-price after RI. From a previous experience (VSolar), the price moves up from the ex-price, to encourage the subscription of RI....hope the same will happen here. From the price movement of past week, think it will end at .130 or .135? The higher the ending price today, the higher the ex-price tomorrow.
AlfaI3, I had same question as you, but upon reading the proposals, you will find that it's not a sudden diversion, Asia Poly is a common link as it owns some of both Dolphin and Uncle Don. Uncle Don has expansion plan even into Singapore. The restaurant business is returning even in Singapore, either Dining in, take-out or deliver. I think this RI will be a success.
Just a gentle reminder,tomorrow is ex-date, so TODAY is the last day to buy to enjoy the 5 RIs for 4 shares, and 3 free warrants upon subscription. Subscription is 6 sen. I think it's a very good deal.
Hi, ahgorgor....pls check: In millions: 412 RI@6sen, 5RI for 4 shares, so number of shares=(412/5)x4=330mil. Last price today 12.5sen, so ex-price=(330x12.5sen+412x6sen)/(412+330)=8.9sen, so round up to 9 sen. Does the market round down? If so, then agree 8.5sen. Cheers
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BetterTomorrow
1,210 posts
Posted by BetterTomorrow > 2020-07-14 18:35 | Report Abuse
Wah drop back to 10cent