Service Stream: Profit on Offer

On January 24 Service Stream Limited announced, along with a questionable share placement to Thorney Group (see our recent blog entry ‘Calling all Service Stream Shareholders’), a non-renounceable rights issue to shareholders. The rights issue entitles eligible shareholders, those who held shares in Service Stream before Friday 28 March, to apply for two new shares for every eleven held at a price of 18 cents. Service Stream’s current stock price is 22.5 cents which implies a 4.5 cent valuation for each right. Because this is a non-renounceable rights issue, those shareholders who aren’t interested in accepting the offer, either because they...

On January 24 Service Stream Limited announced, along with a questionable share placement to Thorney Group (see our recent blog entry ‘Calling all Service Stream Shareholders’), a non-renounceable rights issue to shareholders.

The rights issue entitles eligible shareholders, those who held shares in Service Stream before Friday 28 March, to apply for two new shares for every eleven held at a price of 18 cents.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles