TSE 5.50% $1.06 transfield services limited

I can't see it recovering much while the rights issue is still...

  1. 45 Posts.
    I can't see it recovering much while the rights issue is still open, offering shares at $1.25. I thought it would stay around current levels with a slight on-market premium. There would be too much of an arbitrage opportunity if it were to go up 30-50% so quickly.
 
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Currently unlisted public company.

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