Sharechat Logo

Forum Archive Index - July 2002

Please note usage of the Forum is subject to the Terms & Conditions.

 
Messages by Date [ Next by Date Previous by Date ]
Messages by Thread [ Next by Thread Previous by Thread ]
Post to the Forum [ New message Reply to this message ]
Printable version
 

Re: [sharechat] Kiwi Income Rights


From: "Malcolm Cameron" <malharcameron@hotmail.com>
Date: Thu, 04 Jul 2002 13:53:46 +1000


Peter Remember it goes ex a very large dividend at the same time


>From: "Peter Riches" <peter@kairos.ws>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: [sharechat] Kiwi Income Rights
>Date: Thu, 4 Jul 2002 12:44:07 +1200
>
>Greetings share-chatters
>
>Can anyone explain the maths involved in the current KIP rights issue:
>1 rights issue for every 6 units held
>Subscription price = 82 cents
>Rights are trading at about 6.5 cents
>Head share is trading at 96 cents
>
>Why are the rights trading at 6.5 cents - does this imply that the market 
>expects the ordinary unit price to drop to around 89 cents once the rights 
>cease trading? Is this a premium or discount to the theoretical price?
>
>Thanks in advance
>
>Peter






_________________________________________________________________
MSN Photos is the easiest way to share and print your photos: 
http://photos.msn.com/support/worldwide.aspx


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/


Replies

 
Messages by Date [ Next by Date: [sharechat] NZSE Website Taidje Khan
Previous by Date: Re: [sharechat] Micro Corporation Nick McCaw ]
Messages by Thread [ Next by Thread: [sharechat] Re: Kiwi Income Rights Peter Riches
Previous by Thread: [sharechat] Kiwi Income Rights Peter Riches ]
Post to the Forum [ New message Reply to this message ]