Fundamental gurus. Let me know if I a getting this right.
Price adjustment after bonus issue= Market price ( last transaction price)/(1+bonus share%)
example COOP:
last transaction price =16.95
Bonus share %= 20% (1/5*100)
COOP price adjustment after bonus issue= 16.95/(1+0.2)
=16.95/1.2
=14.125
~14.13
Meaning fundamentally price below 14.13 is a discount
in learning mode. best wishes
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