Ex-rights stocks outperform on average
While in other markets stocks go ex-rights overnight, in Iraq things take a bit longer. Generally, trading is suspended prior to shareholders meetings at which rights and bonus issues will be voted on...
View ArticleISC Rule Change Gets E for Effort
At the end of last month, the Iraq Securities Commission (ISC) announced new rules on stock suspensions. Effective September 1, trading is to recommence no more than four months after general assembly...
View ArticleISX Year-end Jinx Lifted?
By Mark DeWeaver. The ISX historically has tended to go down in the second half of the year. Last November, I argued that this may be due to the timing of capital increases. (See this post.) If this is...
View ArticleAnother Look at Corporate Actions
By Mark DeWeaver. In this old post from 2010, I considered the possibility that ISX share prices might fail to adjust completely for corporate actions. There didn’t seem to be much evidence for this...
View ArticleShaMaran Announces Rights Offer
By John Lee. ShaMaran has announced that it will launch a CAD 75 million equity rights offering to its shareholders that is supported by a comprehensive equity support arrangement from major...
View ArticleSuccessful Rights Offering for WesternZagros
By John Lee. WesternZagros Resources has announced the successful closing of its rights offering which expired on November 14, 2014. The Rights Offering, together with the equity backstop arrangement...
View Article
More Pages to Explore .....