RE: #2425 Sep 2018 20:38
Good evening all...
Has been interesting day, think Swedish ENQers give thumbs-up for rights-issue !!!
MO thinks has finalised the maths... Even with KO's repairer spike, ENQ still 50% undervalued !!! and that doesn't include the Magnus 75% Brucey...
For rights-holders on 2/10, can think if no spare cash for RI, can convert rights value for approx 37% of total rights entitlement 7/3 !!!
i.e. if have 7,000 shares at ex-date, have rights to 3,000 @ 21p, for nil cost can get just over 1000, will have approx 20% dilution...
Will also have offer to sell rights at 12.32p per right, can sell x 3000 rights..
Good luck ENQers, is tiring... So hope maths working...
MO
MO is becoming so sysdlexic, evening spell checker confused...