07-02-2014, 03:29 PM
(This post was last modified: 07-02-2014, 03:31 PM by AlphaQuant.)
(07-02-2014, 11:45 AM)Layman A Wrote: From my Layman understanding, my OCBC will definitely have more value at $9.24 today, as compared to $10.50 two months ago, or $11.00 at may13. Right ?
not really - 1 yr ago one will not have guess OCBC paying 1.9x book for Wing Hang
raising capital thru OCBC equity @ 1.3x book to pay for 1.9x book of WingHang (which is 1/7 of OCBC's size) is highly dilutive.