I don't follow HMN, but the share consolidation then rights issue is very confusing. What do you value the share at ex-rights?
The firm announced a capital reorganisation of its shares on August 6, consisting of a 1 for 5 consolidation to be followed by a 24 for 1 rights issue at ZAR3.41.
Edited by Shi, 28 September 2020 - 02:04 PM.