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ABIL rights price

ABIL released their full year numbers to end September on Monday. And the associated rights started trading with the ordinaries, a reminder for you all, you will get the chance (provided that you owned the ordinaries last Friday) to purchase an extra 84 per 100 held at 8 Rand a share. The ordinary share is trading around 14 ZAR right now and the N shares accordingly are trading at the differential between the price at which the company is raising money (8 ZAR) and the ordinary share right now. 6 Rand, you got that part, 14 minus 8 equals 6. Got it? So for every 100 shares you held on Friday at 18 ZAR a share, you would have 100 ordinary shares at 14 bucks and 84 N's at 6 bucks, an effective value uplift of nearly 6 percent. Again, we have run short of time and space, and WILL get to it tomorrow.


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