MD has come to me with a Friday evening request for some desktop analysis and it's something I should really know the answer to, but it just seems to be eluding me....
Information provided:
"Need to get an idea of the weight of the raise if we do a rights issue at a 35% discount to TERP."
However I go about calculating this, without being provided an issue basis (i.e. 1 for 4), I seem to be able to come up with any NoSh I like just by varying the TERP or issue price.
Any ideas to help my weekend...?
