Ten arbitrage opportunity

Ten is raising capital at a whopping 41% discount to the current market price, presenting shareholders with a chance to profit. Jason Prowd explains how.

In stark contrast to MasterChef’s ratings, Ten’s share price performance has been abysmal. In order to reduce debt, the company is raising $230m in a 4-for-5 non-renounceable entitlement offer pitched at $0.20 per share, around 40% below the pre-raising share price and now 41% below the current market price. If you’re eligible to participate in the capital raising and don’t wish to increase the number of shares that you already own, you can still lock in an arbitrage profit by selling the same number of shares on market today that you can repurchase at $0.20 through the capital raising.

{{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