re: interesting rights issue...ex tomorrow tiger2...Hard to...

re: interesting rights issue...ex tomorrow tiger2...

Hard to say...I have seen situations where the shares have actually traded higher on the 'ex' day of such issues.

Support appears to be in the 15-16c level, so I guess this would provide a downside figure in a worst case scenario.

I use the following methods of calculation, which generally seem to get it right.

The key numbers are...
ratio = 2:5 (ie .4)
conversion price = 12c
Share price = 22.5c

From these figures I get...(22.5 - 12) x .4 = 4.2c..or in other words, an adjustment of 4.2c

Given this result, I will be looking for an indicative price somewhere around 18c.

Cheers!