RE: NOW HANG ON JUST A GOD DARN MINUTE!15 Oct 2020 00:53
This is the right way to calculate
14943, m share in issue x 226p ( closing price ) =£337.71m
49,714.285 ( placing & Open offer ) x 175p = £87,00m
Total valuation £424,71m
divided by total of shares
Old 149,000,000 + new 49,714.285 = 198,714.285 total
Tomorrow opening price should be
Total valuation £424,710.000 : total no. shares 198,714.285 = 213.73p
note; the UT was 226p but the middle price was 225p, so could be just slightly cheaper 213.50p