VCR ventracor limited

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  1. 5,049 Posts.
    Could it be that vcr's low of 266 and strong bounce off this level on friday was more than meets the eye? Maybe not but maybe.

    Pre placement and upcoming rights issue vcr had 162 million shares issued. If we multiply 162 by $2.66 we come to $430 million.

    Post placement and rights issue vcr will have 192 million shares issued. If we multiply this by $2.25 we come to $430 million.

    Now deduct $2.25 from $2.66 and we get 41c. Now multiply this by 192 million issued shares and we get $78 million which is the cash in bank post placement and rights issue.

    Also many people have argued that an issue should be at a 15% discount to its trading price. $2.25 is a 15% discount to $2.66.

    Is it all coincidence or otherwise?

    Cheers.
 
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