The JSE and finance forum for South Africa
General Category => The Investor Challenge => Topic started by: yossarian on December 02, 2013, 10:46:04 pm
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ABL has a rights issue on the go. Holders of ABL should receive 0.85n x ABLN shares as of (about) 28/11/2013.
Then next week (can't remember the exact date) you can change ABLN to ABL and subtract 0.85n x 8.00 from each person's cash.
The above based on someone holding and exercising their NPLs (rational behaviour).
n == ABL holdings at the rights issue date.
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Working on it, except I keep screwing up the test :wtf: case so it'll be a little while longer...
This is Patrick BTW :)
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Hi Patrick,
What was decided wrt Rights Issues for this year? AQP has one going on at the moment.
Regards