RE: HMSO Share Rights10 Sep 2020 15:02
buy 500 shares at 50p = £250 then 500/5=100 * 24=2400 shares at 15p=£360 so total cost 610 (x2.44 initial investment)
766,000,000 in issue today @ 384m mcap = 50p per share.
consolidation for nominal value reduction @ 5-1 to leaves 153,000,000 in issue = £2.50 a share.
153,000,000 x 24 RI shares = 3,672,000,000 new shares to issue
15p RI price x 3,672,000,000 = £550,800,000 cash raised
3,672,000,000 + 153,000,000 existing shares = 3,825,000,000 (total issue)
Which gives the company post todays MCAP price...
£384m existing MCAP + cash £550,800,000 = £934.8m
£934.8m / 3,825,000,000 = 24.4p per share.
clear as mud?