I don't like looking a gift horse in the mouth, but if something looks to good to be true it generally isn't true.
Take this rights issue current holders of BGA can apply for $15,000 (2857 shares) at $5.25 but the current price is $6.51 so if you opt for the max you are looking at a profit of
$6.51 - $5.25 = $1.26 x 2857 = $3599 which is a 24% gain assuming the price doesn't drop, but it could go even higher as Fri it was my only stock in positive territory (1.4% gain) for the day.
I will be eagerly awaiting the prospectus released on Monday.
I don't like looking a gift horse in the mouth, but if something...
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Last
$5.25 |
Change
0.060(1.16%) |
Mkt cap ! $1.581B | |||
| Open | High | Low | Value | Volume |
| $5.21 | $5.29 | $5.17 | $4.188M | 798.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3283 | $5.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.26 | 6270 | 3 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| BGA (ASX) Chart |
