Pesa no one is denying the factors affecting SP (e.g. market...

Pesa no one is denying the factors affecting SP (e.g. market sentiment)

TERP (Theoretical Ex Rights Price) is not a figment of my imagination and is actually calculated and stated in many RI booklets (but not TAM's). On the day of going ex-rights, in my experience (many companies observed) the SP usually follows the TERP, in the absence of other factors. As you saw with TAM on Tuesday.

You can try to understand this, and use it to your advantage, or you can deny or ignore it - I don't particularly care either way.