Guys need some help. What will be the total free float of GHGL after issuance of latest rights shares? Also, what do you consider a fair value for GHGL right now?

Any help is appreciated!

Free float will be around 123M after 90% rights.I think below 70 will be a good price to buy it considering dilution of its future earnings.

Thanks zelmc for responding. Do you mind explaining to me how you arrived at that number of 123M? Curious to learn. And what P/E did you consider when arriving at 70rs as a fair price after dilution?

Thanks for taking out the time to help a newbie out!

SCS site is showing a free float of around 65M and the above figure is based on it after adding 90% rights. Now when I checked GHGL wsbsite, they are showing a free float of 74.6 M shares which becomes around 142M shares after the addition of 90% rights.

I am expecting a basic eps of around 10 this year. Total number of shares outstanding will almost become double after rights are credited which will definitely dilute GHGL future earnings. The effects of dilution could be low if they can increase their sales and profit margins and vice versa. For next year a conservative estimate of eps would be around 6-7.

I do not own GHGL shares and nor intend to in the very short term future.