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Because of new right issue mean 1share 74cts can buy 5share at 20cts 。
1+5share＝ $1.74 cost
Devide by 6share is 29cts。
Then 20cts is 31％ discount. They say!
Now at 60cts1share＋ 6share at 20cts＝ $1.6 cost
Devide by 6share is 26cts.
Then 20cts is only 25% discount
Nav $1.0396
Loss making company is worth 40％ to 50％ or 60％
Which is 41.6cts to 51.98cts or 62.3cts
Then why only dropoed to 68cts rebounded to 85cts all because of speculation of privatisation.
Now confirm no privatisation should be 41.6cts to 51.98cts or 62.3cts?
New NAV
NaV $1.0396＋ 0.2x5=$1
New NAV $2.0396 devide by 6share ＝ 34cts
If loss making firm is 40％ to 50％ or 60％
Then worth only 13.6cts to 17cts or 20.4cts
However post covid19 could see massive rebound in demand for oil cause by all the drastic cut so returning to 27.2cts or 34cts is possible after post right?
My humble opinion only please correct my analysis.
1+5share＝ $1.74 cost
Devide by 6share is 29cts。
Then 20cts is 31％ discount. They say!
Now at 60cts1share＋ 6share at 20cts＝ $1.6 cost
Devide by 6share is 26cts.
Then 20cts is only 25% discount
Nav $1.0396
Loss making company is worth 40％ to 50％ or 60％
Which is 41.6cts to 51.98cts or 62.3cts
Then why only dropoed to 68cts rebounded to 85cts all because of speculation of privatisation.
Now confirm no privatisation should be 41.6cts to 51.98cts or 62.3cts?
New NAV
NaV $1.0396＋ 0.2x5=$1
New NAV $2.0396 devide by 6share ＝ 34cts
If loss making firm is 40％ to 50％ or 60％
Then worth only 13.6cts to 17cts or 20.4cts
However post covid19 could see massive rebound in demand for oil cause by all the drastic cut so returning to 27.2cts or 34cts is possible after post right?
My humble opinion only please correct my analysis.