Credit Suisse Shares Dip to All-time Low: Rights trading for Credit Suisse shares started today and, as expected, the price headed lower. But the discount is significantly greater than anticipated. CreditSuisse shareprice drawingrights
On Friday, Credit Suisse shares closed at 3.318 francs. Today, subscription rights trading started and the price was down significantly. During intraday trading shares traded at a low of 2.955 francs, a drop of almost 11 percent and a new all-time low.
Prices recovered somewhat to over 3 francs again to 3.072 francs, but are still down around 7.3 percent since the start of trading.That the share price will be reduced by the value of the subscription rights, traded separately on the SIX exchange starting today, was to be expected. However, while the rights issued 1 for 1 are currently valued at 0.156 Swiss francs, the share discount amounts to 0.259 Swiss francs.
In the course of the second capital increase, shareholders received one subscription right per share held. For seven of these rights, they can purchase two Credit Suisse shares for 2.52 francs. In purely operational terms, the capital increase is expected to net Credit Suisse around 4 billion francs of fresh capital and has gone off like clockwork, yet the share price itself is not finding any support.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse Swiss Head Seeks to Calm Outflow ConcernsCredit Suisse Swiss Head Seeks to Calm Outflow Concerns: The head of Credit Suisse's Swiss business gave an interview on Sunday with an influential Swiss newspaper seeking to allay concerns about money… creditsuisse andréhelfenstein allayconcerns
Read more »
Credit-Suisse-Aktien fallen nach Abgang der Bezugsrechte unter 3 FrankenDie Credit Suisse-Aktien setzen am Montag an der Schweizer Börse ihre Talfahrt fort und sind erstmals in ihrer Geschichte unter die Marke von 3 Franken abgesackt.
Read more »
Credit Suisse droht Busse von US-Notenbank Fed wegen Archegos-DebakelDas Milliarden-Desaster mit dem kollabierten Hedgefonds Archegos zieht für die CS weitere Kreise: Die US-Bankenaufsicht kündigt eine Busse an.
Read more »
Neunmonatszahlen – Epic Suisse meldet Zahlen für das dritte QuartalNeunmonatszahlen: Epic Suisse meldet Zahlen für das dritte Quartal: Das Immobilienunternehmen erzielt in den ersten neun Monaten einen Gesamtertrag von 46,9 Mio. Fr.
Read more »
Grossbank im Umbruch – CS-Schweiz-Chef relativiert GeldabflussGrossbank im Umbruch: CS-Schweiz-Chef relativiert Geldabfluss: Laut André Helfenstein hat Credit Suisse Schweiz insgesamt 1% der Vermögensbasis verloren. Zudem sei die Bank hierzulande profitabel.
Read more »