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General Category => The Investor Challenge => Topic started by: yossarian on December 02, 2013, 10:46:04 pm

Title: Rights issue
Post by: yossarian on December 02, 2013, 10:46:04 pm

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.

Title: Re: Rights issue
Post by: CompTester on December 03, 2013, 07:46:29 am

Working on it, except I keep screwing up the test  :wtf: case so it'll be a little while longer...

This is Patrick BTW  :)

Title: Re: Rights issue
Post by: Shi on April 23, 2014, 11:57:45 am

Hi Patrick,
What was decided wrt Rights Issues for this year? AQP has one going on at the moment.
Regards