BPT 0.00% $1.45 beach energy limited

rights issue

  1. 1,563 Posts.
    Why have a divi and rights issue ?
    - Need the divi because since they have a precedent of paying it, market would react badly otherwise
    - Need rights issue to entice optionholders to exercise by end of March. Why ?
    1. To bolster their cash reserves, so come the Q3 report they look like they're in a healthy cash position.
    and/or
    2. Need funds for extensive exploration coming up

    Other ideas ?

 
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