Horizon Oil Limited

ASX:HZN

Horizon Oil Limited

ASX:HZN
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$0.220 (-2.2%)
Last close price
#442
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1
Held by
6
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Reports (2) My Report Forum Investors
Forum Topics HZN HZN Distribution of capital
ShangriLa
Added 5 years ago

Similarly the right to buy shares for either rights issue or SPP, offered at a price discounted. I am currently in this circumstance with MAY (Melbana Energy). I will add a straw for MAY when I get time.

7
Noicewon11
Added 5 years ago

@Bondie

Not sure how capital re-distrubtions are usually handled on Strawman, but I would imagine that it will be structured similarly to a dividend in that the amount is used to purchase addtional shares.

@Strawman, I would love to get an understanding of how the site will capture this given that I do hold them in my portfolio.

In terms of the SP today, I added HZN to my portfolio to engage in some arbitrage of price, however the stock fell 25% today as it went ex-dividend, representing the 25% in capital that was redistributed to shareholders. Given the price fell 25% I am not at a loss, nor a gain. In fact, I would be better off in real life as I would be able to use the capital loss to offset and effectively "negatively gear" against my income.

 

7
Strawman
Added 5 years ago

It depends on how S&P handle things, but in this instance I'de expect a dividend adjutsment to be made.

But if the data doesnt come through as expected we can manually adjust. If there hasnt been any change by market close tuesday, shoot me a reminder and I'll get it all sorted.

9